Reuters — ConAgra Foods has hired Centerview Partners to explore a sale of its private label unit Ralcorp, just two years after it acquired the troubled business with advice from the same investment bank, people familiar with the matter said. The maker of Chef Boyardee and Slim Jim snacks, which last month announced it would […] Read more
ConAgra turns to Centerview again for advice on Ralcorp
Mexico’s Grupo Bimbo in lead to buy Canada Bread: sources
New York | Reuters — Grupo Bimbo, one of the world’s largest bread makers, has emerged as the leading candidate to acquire Canada Bread from majority owner Maple Leaf Foods, according to people familiar with the matter. Other parties involved in the auction of the roughly $1.8 billion bakery company — including private equity firms KKR […] Read more
China Inc.’s Smithfield bid expected to pass Washington test
Reading Time: 2 minutes Reuters / Washington may still be digesting news of China Inc.’s latest bold move into America with the nearly $5-billion takeover of Smithfield Foods Inc., but early indications are the deal will not inflame enough nationalistic opposition to kill it, and success could pave the way for more Chinese purchases. Shuanghui International Holdings’ agreement to […] Read more
Cyber-Savvy Farmer
