Activist Peltz Urges Merger of PepsiCo and Mondelez

Nelson Peltz’s Trian Fund Management has quietly amassed a stake of more than $2.7 billion in the two companies. He wants Pepsi to acquire Mondelez in an all-stock transaction worth $35 to $38 a share and then spin off its beverage business.Source:DealBook» Food & Beverage

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Loblaw to Buy Shoppers Drug Mart in Canada

The Loblaw Companies, Canada’s largest food retailer, announced on Monday that it would acquire Shoppers Drug Mart, the country’s biggest pharmacy chain, for $11.9 billion in cash and stock.Source:DealBook» Food & Beverage

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Loblaw, Canada’s Largest Grocer, Is Buying Its Biggest Pharmacy Chain

The Loblaw Companies, Canada’s largest food retailer, announced on Monday that it would acquire Shoppers Drug Mart, the country’s biggest pharmacy chain, for $11.9 billion in cash and stock.Source:DealBook» Food & Beverage

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Mid-Year State of the Wine Business

There are several thingies (……that’s a technical economic term) that are happening right now that all link together in some form to drive components and the present direction in the wine business. Since this is a blog though, and blogs are generally top of mind and brief, discussing the state of anything is…

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Senators Question Chinese Takeover of Smithfield

The acquisition of America’s largest pork producer by Shuanghui International could result in the transfer of food-production technologies that endanger the United States economy and, perhaps, national security, two experts tell the Senate Agriculture Committee.Source:DealBook» Food & Beverage

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Kroger Buys Rival Grocer Harris Teeter, Citing Potential for Growth

The Kroger Company has agreed to acquire Harris Teeter Supermarkets for $2.4 billion as it seeks to expand in the Southeast and mid-Atlantic regions.Source:DealBook» Food & Beverage

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Suntory Unit’s $4 Billion I.P.O. Rises in Tokyo Trading Debut

Shares in Suntory Beverage and Food gained modestly in their debut in Tokyo on Wednesday despite the recent shaky response to new offerings in markets around the world.Source:DealBook» Food & Beverage

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Noodles & Co. Proves Irresistible in Tough Week for I.P.O.’s

Shares in Noodles & Company, a fast-casual restaurant chain, doubled their initial public offering price by midafternoon on Friday, at $36.15.Source:DealBook» Food & Beverage

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Senate Agriculture Committee Calls Hearing on Smithfield Deal

The Senate Agriculture Committee said on Thursday that it would convene a hearing on July 10 to examine Smithfield Foods’ $4.7 billion sale to a Chinese meat processor, stepping up government scrutiny of the pork producer’s deal.Source:DealBook» Food & Beverage

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