Hints and tips:
...A frenzied price spike in March 2008 drained cash from merchants as they attempted to meet margin calls, bankrupted the US affiliate of Swiss trader Paul Reinhart, forced Alabama-based Weil Brothers out...
...resignations come after another episode in 2008, when a spike in cotton prices took several historic names, including merchants Dunavant Enterprises of Memphis and the US and Australian affiliates of Paul Reinhart...
...About Pinnacle Foods Group LLC Pinnacle Foods Group LLC is a leading producer, marketer and distributor of high-quality branded food products in the dry foods and frozen foods segments....
...That seems the clear message from Aga Foodservice’s decision to divest its foodservice business. After rejecting calls to break-up up the group earlier in the year, Aga has done a strategic U-turn....
...Enodis added 1.1 per cent to 188p amid talk it was set to make an offer for the foodservice business of Aga, steady at 433p....
...prognosticator, but it’s tough to see why the outlook should be much brighter for KKR, which has been involved with two of the most highly leveraged LBOs in recent months, those of Dollar General and US Foodservice...
...There was news of stake building at Aga Foodservice....
...Dutch rival Ahold climbed 4.7 per cent to €7.78 on reports it had received a number of offers for its US Foodservice division....
...However, the Road to Recovery strategy instigated after accounting scandals at the US Foodservice unit has been making ‘solid progress’....
...Aga Foodservice Group dipped 0.6 per cent to 304p after it acquired Waterford Stanley, the Irish based range cooker and stoves company, for up to €13.8m in cash from Pricoa the US financial services group...
...Talks to off-load the remaining disposals - including the Dutch foodservice business, Brazilian chain Barbosa, and US convenience chain Tops - are expected to conclude next year and raise about ?250m....
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