Olivia's Feed
Jan 29, 2015

Hershey’s Krave buy reflects hunger for healthier snacks

NEW YORK (Reuters) – Hershey Co’s announcement on Thursday that it will buy jerky maker Krave Pure Foods Inc reflects a growing appetite for healthy snacks in the United States, even those that were once considered gas station staples. [ID:nL4N0V85VE]

Changes in Americans’ eating habits are fueling the trend. According to Nielsen data released earlier this month, 30 percent of U.S. consumers specifically look for food that is high in protein. That includes jerky: Sales of Slim Jim jerky were up 20 percent over the last 13 weeks, thanks to the success of bacon jerky products, according to ConAgra Foods Inc.

Jan 27, 2015

Hershey close to acquiring healthy snacks company Krave -sources

Jan 27 (Reuters) – Chocolate maker Hershey Co is in
late-stage talks to acquire Krave, a maker of healthy beef,
turkey and pork jerky snacks, according to people familiar with
the matter.

The deal is expected to value Sonoma, California-based Krave
at between $200 million and $300 million, the people said this
week. An announcement could come as soon as this week, they
added.

Jan 21, 2015

Family Dollar shareholders expected to vote for Dollar Tree merger -sources

Jan 21 (Reuters) – Family Dollar Stores Inc
shareholders are expected to vote in favor of a pending $8.5
billion merger with Dollar Tree Inc despite a higher
offer from Dollar General still on the table, according
to people familiar with the matter.

The vote, which is scheduled for Thursday, comes after
influential proxy advisory firm Institutional Shareholder
Services said Dollar Tree’s proposal was in the best interest of
shareholders and was more likely to close as it faces fewer
antitrust hurdles than the Dollar General offer.

Jan 20, 2015

Exclusive: Salix Pharma working with advisers to explore options – sources

By Olivia Oran

(Reuters) – Salix Pharmaceuticals Ltd SXLP.O, a maker of bowel drugs, is working with investment bank Centerview Partners Holdings LP to explore its options, including a potential sale to a larger drugmaker, according to three people familiar with the matter.

Raleigh, North Carolina-based Salix, whose chief executive officer, Carolyn Logan, stepped down earlier this month, has not yet formally decided whether it will pursue a sale now or wait until it hires a new CEO, the people said this week.

Jan 15, 2015

Actavis aims to add Allergan CEO to its board: sources

SAN FRANCISCO (Reuters) – Allergan Inc (AGN.N: Quote, Profile, Research) Chief Executive Officer David Pyott is close to joining the board of directors of Actavis Plc (ACT.N: Quote, Profile, Research), which reached a deal to acquire the Botox-maker for $66 billion in November, three people familiar with the matter said on Thursday.

Actavis CEO Brent Saunders is trying to recruit Pyott to join the board and is working through corporate governance issues, the people said, asking not to be named because the matter is private.

Jan 14, 2015

Exclusive: Top investors push Aegerion to oust CEO, consider sale – sources

SAN FRANCISCO (Reuters) – Several of the top 10 investors at Aegerion Pharmaceuticals Inc (AEGR.O: Quote, Profile, Research) are pushing the company to oust Chief Executive Marc Beer and consider selling itself, according to people familiar with the matter.

The shareholders have communicated to Aegerion’s board their concerns over the drugmaker’s weak share price and the credibility of Beer and his management team, the sources said this week, asking not to be named because the conversations are private.

Jan 7, 2015

Exclusive: Dick’s Sporting Goods explores going private – sources

NEW YORK (Reuters) – Dick’s Sporting Goods Inc (DKS.N: Quote, Profile, Research, Stock Buzz) is holding early-stage conversations with a handful of buyout firms about going private, according to people familiar with the matter.

There is no formal sale process for the sporting goods retailer, these people said on Wednesday, and the Coraopolis, Pennsylvania-based company could still decide not to go forward with a deal if the preliminary talks do not pan out.

Jan 7, 2015

Dick’s Sporting Goods explores going private -sources

NEW YORK, Jan 7 (Reuters) – Dick’s Sporting Goods Inc
is holding early-stage conversations with a handful of
buyout firms about going private, according to people familiar
with the matter.

There is no formal sale process for the sporting goods
retailer, these people said on Wednesday, and the Coraopolis,
Pennsylvania-based company could still decide not to go forward
with a deal if the preliminary talks do not pan out.

Jan 6, 2015

Meineke franchise owner Driven Brands up for sale -sources

Jan 6 (Reuters) – Driven Brands Inc, the owner of franchised
U.S. automotive repair chains including Maaco and Meineke Car
Care, is exploring a sale that could value it at more than $600
million, according to several people familiar with the matter.

Charlotte, North Carolina-based Driven Brands, owned by
private equity firm Harvest Partners LP, is working with
investment bank Harris Williams & Co on the potential sale, the
people said this week.

Jan 6, 2015

Coach nearing deal to buy Stuart Weitzman: source

By Olivia Oran

(Reuters) – Accessories retailer Coach Inc (COH.N: Quote, Profile, Research, Stock Buzz) is nearing a deal to buy privately held women’s luxury shoe company Stuart Weitzman Holdings LLC for about $600 million, according to a person familiar with the matter.

The deal could be announced as early as this week, the person said.

New York-based Coach, known for its Poppy handbags, has struggled to keep up with its fast-growing affordable luxury competitors, particularly Kate Spade & Co (KATE.N: Quote, Profile, Research, Stock Buzz) and Michael Kors Holdings Ltd (KORS.N: Quote, Profile, Research, Stock Buzz), whose handbags are rapidly gaining popularity in North America.