- Reuters•4 days ago
Food group Danone plans to cut costs by 1 billion euros ($1.1 billion) over the next three years, saying the turnaround of its European dairy business was taking longer than expected while tough conditions in China would endure in 2017. Danone said it would review its financial goals after closing its $10 billion acquisition of U.S. organic food group WhiteWave, which is expected in the first quarter and which should boost earnings. The owner of Evian water and Activia yoghurt is targeting earnings per share growth of above 5 percent in 2017, excluding WhiteWave.
- Reuters•9 days ago
Reckitt Benckiser has agreed to buy U.S. baby formula maker Mead Johnson Nutrition for $16.6 billion, giving the British consumer goods company a new product line and expanding its presence in developing markets. Reckitt, the maker of Lysol cleaners, Durex condoms and Mucinex cold medicine, said on Friday it will pay $90 in cash for Mead Johnson shares, a 30 percent premium to their close on Wednesday last week, the day before Reckitt said it was in advanced talks with the maker of Enfamil baby formula.
- Reuters•17 days ago
Britain has had its strongest start to the year for M&A activity since 2008 on the back of a spate of big deals, a sign that some businesses are trying to plan for a more uncertain future outside the European Union. British consumer goods company Reckitt Benckiser's $16.7 billion bid for U.S. baby formula maker Mead Johnson Nutrition on Thursday, pushed the value of deals announced so far this year to almost $35 billion, according to Thomson Reuters data, the highest in nine years. Bankers say fears of an economic slowdown after Britain leaves the EU has put pressure on companies to secure growth in new markets and business areas, making them more open to large deals than they were before the June vote on EU membership.
RB.V : Summary for RUSSELL BREWERIES INC. - Yahoo Finance
Russell Breweries Inc. (RB.V)
TSXV - TSXV Delayed Price. Currency in CAD
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|Day's Range||0.07 - 0.07|
|52 Week Range||0.05 - 0.08|
|PE Ratio (TTM)||∞|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|