Feeding the M&A world
Article Abstract:
Companies are merging in order to streamline operations, cut costs and sell off parts which do not add value. Private equity firms are attracted to these non-core sell offs within the food and drink industry because it is predicable, simple to understand and profitable. Legal and General Ventures bought out Bluecrest Seafood for 47.5 million pounds sterling and now operates a joint venture with frozen food company, Youngs. Wal-mart's potential acquisition of Asda has caused share prices of other supermarkets to drop and it will result in shop closures and price-wars.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1999
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Public-to-private deals dominate retail
Article Abstract:
Issues are presented concerning the management buyout activity which has occurred in the high street fashion and vehicle safety sectors of the retail industry in France and the United Kingdom in July 2001.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 2001
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No news for WHSmith
Article Abstract:
The UK retailer WHSmith has stated that it is looking to sell its distribution division WHSmithNews so it can focus on retailing. The company is hoping to have made the sale by the end of August 2001.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 2001
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