Hints and tips:
...Japanese homebuilder Sekisui House on Thursday agreed to buy Denver-based developer MDC for $4.9bn in cash. A shrinking domestic market is forcing Japan Inc to look for growth overseas....
...But the Smithfields wholesalers, skilled at striking a bargain, are unhappy with the terms of the deal offered to them....
...Smithfield is a very corporeal place, a bit of the city that is all about bodies....
...The North American Meat Institute, the trade group for processors including Tyson, Smithfield and Cargill, says the Trump administration’s action would protect against meat shortages while assuring the safety...
...The market value of China’s WH Group, whose US-based pork producer Smithfield Foods has launched a plant-based meat brand, is up 48 per cent....
...DD can also reveal that SKDKnickerbocker, the politically connected public affairs group led by Josh Isay, has bought financial communications group Sloane & Company from MDC Partners....
...Pinot Noir Reserve 2016 £55 Bottle sparkling water £3.25 Total (inc tip) £177.25 We discuss St John’s longevity, a quarter of a century being an almost freakishly long stint in London’s restaurant world...
...Among its sector peers, MDC Holdings gained 4.7 per cent, NVR added 4.5 per cent and Taylor Morrison was up 4.2 per cent. Lennar Corporation gained 3.8 per cent and PulteGroup was up 3.6 per cent....
...News of the tariffs sent WH Group, the world’s largest producer of pork formed after the $4.7bn takeover of Smithfield Foods by China’s Shuanghui International in 2013, sliding....
...Smithfield accounted for nearly four-fifths of China-bound US pork exports in 2016....
...The Sino-US company was formed after the $7bn takeover of Smithfield Foods by China’s Shuanghui International....
...Electra, one of a consortium of private equity investors managed by the Smithfield Group, would receive proceeds from the sale of £106m, an uplift of £26m – the equivalent of an internal rate of return of...
...Smithfield also notes that selling now delivers a return of 3.6 times its investment, which included €30m for the banknote plant in Cumbria....
...Investment bankers joke that if Cfius could stomach the sale of a leading US pork producer to a Chinese buyer — referring to Shuanghui’s $7.1bn purchase of Virginia’s Smithfield Foods in 2013 — it will approve...
...China’s biggest US takeover to date was struck when Shuanghui International bought Smithfield Foods, the world’s largest pork producer, for $7bn including debt in 2013....
...Targets have ranged from grain trader Noble Agri, in which Chinese entities bought a majority stake last year, to US based pork rearing and processing company Smithfield....
...Mondelez merged its coffee business with Dutch group DE MasterBlenders, while China’s Shuanghui International bought US pork processor Smithfield Foods for $7bn....
...Continental is a leading investor in food and commodities, having taken stakes in companies including Burger King and Smithfield Foods, the pork producer bought last year by China’s Shuanghui International...
...The Henan-based company is the product of last year’s $7bn takeover of Smithfield Foods by China’s Shuanghui International, the two largest players in their respective markets....
...The cash raised will be used to pay back some of the roughly $4bn in debt taken on to finance the Smithfield takeover....
...WH Group is the product of Chinese pork producer Shuanghui International’s $7bn takeover of Smithfield Foods last year....
...Chinese appetite for international food companies has grown in particular, with Shuanghui International buying US pork producer Smithfield Foods last year....
...The acquisition involved loans of around $4bn, and the Chinese company also took on $3bn of existing Smithfield debt....
...WH Group borrowed about $4bn to finance its purchase of Smithfield, much of which is not due to be repaid for years....
...During the past few years these odd pairings have been broken up and stitched together with more suitable partners: Japan’s Suntory bought Fortune’s spirits business, Beam Inc, in January, while Titleist...
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