Deals of the day - Mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday: ** Sys…The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday:
** Sysco Corp will buy US Foods Inc for about $3.5 billion from its private equity owners in a deal that will combine the top two U.S. food distributors and create a company commanding at least a quarter of the $235 billion North American market.
** Tesco Plc, the world's third-biggest retailer, has bought a small stake in Lazada, the Southeast Asian online retail company said.
** Post Holdings Inc said it would buy private label peanut butter maker Golden Boy Foods Ltd and protein bar maker Dymatize Enterprises LLC for about $680 million to build up its nutritional and private-label foods.
** Dairy products producer WhiteWave Foods Co said it would buy organic food brand Earthbound Farm from investors including private equity firm Kainos Capital for about $600 million to expand its offerings of organic products.
** U.S. fertilizer company Mosaic Co said it would buy back 43.3 million restricted shares from the Margaret A. Cargill Foundation and the Anne Ray Charitable Trust over the next eight months.
** Scents and flavours maker Symrise may lift its stakes in probiotics specialist Probi and another Swedish food ingredient company as it seeks growth in nutritional supplements that carry the promise of better health.