Hershey Co. said it agreed to buy out the minority shareholders in its loss-making Indian candy and beverage venture for an undisclosed sum, clearing the decks for the American firm to compete on its own in a market dominated by rivals Kraft Foods Inc. and Nestle SA. The Hershey, Pennsylvania-based firm, will buy the 43% stake in venture Godrej Hershey from India's Godrej Industries Ltd. and another 6% from another unnamed minority shareholder, a press releases from Hershey and Godrej said.
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Hershey buying out minority shareholders in Indian candy venture
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Millipore acquires remaining ownership of joint venture in India
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Emdersa meets buyside
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Misys to commence a buy back of its shares in the market
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Société générale de financement du Québec to acquire Temrex Forest Products
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Proteam bought out of administration
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Heinz shareholders approve acquisition
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TAV to sell minority stake
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Tempur-Pedic acquiring rival Sealy Corp.
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Deutsche bank to buy Sal.
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Indiabulls maintains 'buy' on HDFC Bank
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Johnson Controls signs share purchase for acquisition
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UPC buys Regiokabel
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Eros International acquires India distribution rights of Tezz
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Popcap being acquired for over $1 billion?
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PepsiCo to invest $500mn in India
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Premier Foods'' share capital consolidated