Metcash in bid for Aus Foodland
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Retail group Metoz Holdings on Monday announced that Metcash Australia had made an offer to buy out all the issued shares of Metoz at 2.65 rand a share.
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PERENNIAL takeover target and suitor National Foods has identified SPC Ardmona as a merger partner in a deal that would add packaged fruit to its own dairy operations and build a major Australian food company.
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AUSTRALIAN companies could successfully trademark their &quot;feta&quot; cheese, &quot;kalamata&quot; olives and &quot;parma&quot; ham in the lucrative European food market after a significant win by Australia and the US at the World Trade Organisation.
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SYDNEY, NOV 28: New Zealand dairy giant Fonterra said on Sunday it would only raise its A$1.6 billion ($1.3 billion) bid for Australiaâs top milk producer, National Foods Ltd, in the unlikely event that a rival suitor emerged.
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Australia&#39;s S&amp;P/ASX 200 Index rose to a record. Foodland Associated Ltd. surged after Metcash Trading Ltd., the nation&#39;s biggest grocery wholesaler, offered A$846 million ($660 million) for Foodland&#39;s local business.
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SYDNEY: Australian supermarket giant Woolworths raised its bid for pubs chain ALH to A$1.2bn ($898m) on Monday, but rival Coles Myer played for time by winning a deadline extension.
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Shares in discount retailer Big Food Group leap more than 13% as the owner of the Iceland frozen food chain reveals it is in bid talks.
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METCASH stunned long-term suitor Foodland yesterday with an audacious $846 million takeover bid to create a supermarket group better able to compete with its bigger rivals.
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Coca-Cola Amatil Ltd., Australia&#39;s biggest soft-drink maker, offered A$500 million ($382 million) in cash and stock for fruit canner SPC Ardmona Ltd.
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FOODLAND Associated chief Trevor Coates has flagged an interest in buying Metcash Trading after revealing weak second-half earnings for the Australian business, as speculation about his own tenure continued.
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Fonterra Cooperative Group Ltd says it does not want to limit its options on the price it has offered for Australia&#39;s National Foods Ltd.
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NATIONAL Foods hauled up the auction flag yesterday signalling that the Australian dairy giant could change hands for $1.81 billion.
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Foodland Associated has been making inroads in New Zealand and this may help strengthen its position in Australia, where it faces fierce competition from bigger rivals, such as Coles.
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Business & money: Stakes raised in battle for control of ABN Amro as Royal Bank of Scotland-led consortium trumps Barclays' offer for Dutch bank.
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Australia&#39;s largest retailer, Coles Myer, waded into a takeover battle for the pub operator Australian Leisure and Hospitality Group yesterday, offering 1.18 billion Australian dollars ($856 million) in a bid with a local bank.
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Wholesale grocer Metcash Trading has announced that it intends to make an off-market takeover offer to acquire the entire issued share capital of Australian supermarket group Foodland Associated.
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Australasian grocer Foodland Associated which owns major chains in New Zealand says the hostile takeover bid by rival Metcash is complex and risky, and is urging shareholders not to act on the $920 million bid.