Suntory Beverage Unit Prices Tokyo I.P.O. at $4 Billion

Japan’s largest manufacturer of nonalcoholic drinks priced its offering at the lower end of the indicated range, but the deal still ranks as the biggest I.P.O. in Asia this year.Source:DealBook» Food & Beverage

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Senators Urge Additional Review of Smithfield’s Sale to Shuanghui

The group of 15 senators wrote a letter to Treasury Secretary Jacob J. Lew, who oversees the Committee on Foreign Investments in the United States, to add the Agriculture Department and the Food and Drug Administration to the agencies reviewing the deal.Source:DealBook» Food & Beverage

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What Does the End of QE Mean for Wine?

Everyone likes Fridays. This Friday is a little more special so I decided to post a non-Sunday blog for the first time. Why the deviation? Because Friday is the day we receive the most hours of sunlight in 24 hours …. and then its all downhill after that. While that sounds a…

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China Mengniu Dairy Offers $1.6 Billion for Baby Formula Firm

China Mengniu, the biggest Chinese dairy producer, said its proposed takeover of Yashili International, a leading infant milk formula maker in China that is partly owned by the Carlyle Group, would “ensure that consumers continue to enjoy unchanged quality commitment.”Source:DealBook» Food & Beverage

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Activist Investor Calls for Breakup of Smithfield Foods

The fund, Starboard Value, wrote in a letter to the board of Smithfield Foods that it believed the company was worth much more separately, rather than sold whole to Shuanghui International of China for $34 a share.Source:DealBook» Food & Beverage

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Safeway to Sell Its Operations in Canada

The Canadian retailer Sobeys said on Wednesday that it would pay $5.8 billion in cash for the Canadian operations of Safeway, a move that would make it a leading grocery chain in western Canada.Source:DealBook» Food & Beverage

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What Drives Environmental Sustainability in the New Zealand Wine Industry?: An Examination of Driving Factors and Practices.

Abstract Purpose – The study therefore seeks to examine (1) the current sustainability initiatives undertaken by wineries (2) what drives the wine industry to engage in sustainable practices, (3) barriers to implementing sustainable practices, Design/methodology/approach – Using a mixed method research approach, this study uses a triangulated approach to examine…

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S.E.C. Freezes Assets of Thai Trader in Smithfield Inquiry

The Securities and Exchange Commission froze the assets of a trader based in Bangkok on Thursday, as it investigates a purported insider trading scheme tied to Smithfield Foods’ $4.7 billion sale to a Chinese meat processor.Source:DealBook» Food & Beverage

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