Content about Government procurement in the United States

June 7, 2013
Acquisition of Heinz complete

Berkshire Hathaway and an investment fund affiliated with 3G Capital have completed their acquisition of H.J. Heinz Company.

PITTSBURGH — Berkshire Hathaway and an investment fund affiliated with 3G Capital have completed their acquisition of H.J. Heinz Company. 

Heinz shareholders will receive $72.50 in cash for each share of common stock they owned as of the effective time of the merger, without interest and less any applicable withholding taxes. As a result of the completion of the merger, the common stock of Heinz will no longer be listed for trading on the New York Stock Exchange and Heinz expects no further trading after the close of business on June 7.

April 26, 2013
North American strengths buoys Electrolux Q1

Electrolux reported net sales decreased 2% to $25.3 million compared with the same period last year. On an organic basis, adjusted for acquisitions, divestments and changes in exchange rates, sales increased 3.8% compared with the same period last year.

Electrolux reported net sales decreased 2% to $25.3 million compared with the same period last year. On an organic basis, adjusted for acquisitions, divestments and changes in exchange rates, sales increased 3.8% compared with the same period last year.
 

December 14, 2012
Walmart last minute holiday shopping in...Turkey?

Turkish retailer Migros appears to fit Walmart’s acquisition criteria even if the timing of a potential deal is less than ideal.

Turkish retailer Migros appears to fit Walmart’s acquisition criteria even if the timing of a potential deal is less than ideal.

Turkey’s leading retailer has been in the headlines a lot this year because the company’s private equity owner, BC Partners, is reportedly looking to dump its ownership position roughly four years after acquiring a majority stake. Various international retailers are said to have had discussions with BC Partners and Walmart is the latest, according to reports this week by the Financial Times, Reuters and other international sources.

November 28, 2012
If you can’t beat them, acquire them

Branded food supplier ConAgra’s acquisition of private label rival Ralcorp promises to create an interesting new dynamic when it comes to trading partner relationships.

Branded food supplier ConAgra’s acquisition of private label rival Ralcorp promises to create an interesting new dynamic when it comes to trading partner relationships.

Earlier this week, the companies announced they had reached an agreement valued at $6.8 billion whereby ConAgra will acquire Ralcorp for $90 a share to create one of the nation’s largest food companies with annual sales of roughly $18 billion.