Foodland rocked by takeover swoop
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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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OCADO, an online grocery retailer based in southeast England, may be about to instigate a new round of supermarket wars with the help of two digital phone switches it snapped up on the cheap from collapsed ...
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Trevor Coates, chief executive of Foodland Associated Ltd., speaks on a teleconference from Sydney about the company&#39;s fiscal full-year earnings.
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Business & money: Shares jump more than 12% after embattled bank reveals takeover offers.
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PREMIER FOODS today emerged victorious in the bidding for another slice of British gastronomic history. The owner of Ambrosia creamed rice has.
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Union unrest may cut into the supermarket chain's growth plans.
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INDEPENDENT grocery wholesaler Metcash Trading has made a bold bid to become the third force in our supermarket scene behind Woolworths and Coles with a $846 million offer for Foodland yesterday.
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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.
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The companyâs consumer segment, which accounts for more than half of the companyâs sales, posted a 16 percent drop in earnings as the cost of ingredients jumped.
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PREMIER FOODS emerged victorious in the bidding for another slice of UK larder shelf history. The owner of Ambrosia creamed rice has bought Birdâs custard and Angel Delight brands from Kraft for Â£70 million
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Whole Foods surprised investors by announcing a proposed merger with Wild Oats Markets.
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The restaurateur holds up well in a tough sector.
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Wendy's bites the hurricane dust. And more.
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Supermarkets are throwing everything they can think of at shoppers. And the range of services is as impressive as it is improbable.
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29/10/2004 National Foods will hunt for a &quot;white knight&quot; to protect it from Fonterra`s $A1.62 billion ($NZ1.76 billion) bid, raising the risk New Zealand dairy farmers will get dragged into an expensive bidding war.
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Restaurateur's shares shoot up on news of increased profitability.
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It's a challenging sector, but this restaurant stock is serving up an appetizing investing opportunity.