Olivia's Feed
Aug 20, 2014

Exclusive: Bain Capital to invest in shoemaker TOMS- sources

NEW YORK (Reuters) – Private equity firm Bain Capital LLC has agreed to acquire a 50 percent stake in TOMS Shoes Inc in a deal that values the company, which makes casual footwear known as alpargatas, at about $625 million including debt, according to people familiar with the matter.

Bain prevailed over other private equity firms in an auction for TOMS and a deal announcement could come as early as Wednesday, the people said. TOMS founder Blake Mycoskie, who has been sole owner, will retain half of the company and stay at the helm.

Aug 19, 2014

Bumble Bee attracts takeover interest from Thai Union, Post: sources

NEW YORK (Reuters) – Bumble Bee Foods has received takeover overtures from canned tuna giant Thai Union Frozen Products PCL and U.S. packaged foods company Post Holdings Inc in recent months, according to people familiar with the matter.

The largest canned tuna and sardines producer in North America, Bumble Bee Foods is set to launch a sale process in the fall amid strong interest from industry players and has appointed an adviser to assist with that effort, the people said.

Aug 18, 2014

ConvaTec owners eye 2015 sale as buyout interest builds-sources

NEW YORK, Aug 18 (Reuters) – ConvaTec’s private equity
owners plan to explore a sale of the medical device maker next
year, even as interest from several healthcare companies in a
potential $10 billion acquisition intensifies, according to
people familiar with the matter.

Amid a wave of mergers in the healthcare sector aimed at
reducing corporate tax rates, Luxembourg-based ConvaTec has
emerged as a target for U.S. companies looking to move their tax
domiciles abroad in a practice known as inversion.

Aug 18, 2014

P&G eyes Duracell, Braun in sweeping brand culling: sources

NEW YORK (Reuters) – Procter & Gamble Co (PG.N: Quote, Profile, Research, Stock Buzz) is working with advisors including Goldman Sachs Group (GS.N: Quote, Profile, Research, Stock Buzz) as the world’s largest household products maker reviews up to 100 underperforming brands for potential divestiture, people familiar with the matter said.

While P&G has yet to determine which brands it will seek to shed, Duracell batteries and Braun shavers are the two largest assets likely to be divested, the people said, asking not to be named because the matter is not public.

Aug 15, 2014

Exclusive: Shoe retailer Stuart Weitzman to go on auction block – sources

NEW YORK (Reuters) – Women’s shoe retailer Stuart Weitzman is preparing to launch a sale process and has tapped investment banks Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) and Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz) to assist with the effort, people familiar with the matter said.

The New York-based retailer could fetch a price well below $1 billion, two of the people said this week. Others said the ultimate sale price could be around $800 million.

Aug 15, 2014

Exclusive: Shake Shack fast-food chain preparing for an IPO – sources

By Olivia Oran and Greg Roumeliotis

(Reuters) – Shake Shack, the fast-food restaurant chain famous for its hamburgers and milkshakes, is preparing to go public, seeking to tap stock market demand for popular casual dining companies, according to people familiar with the matter.

Shake Shack’s majority owner, Union Square Hospitality Group LLC, has interviewed investment banks in recent weeks to appoint underwriters for an initial public offering, the people said on Friday.

Aug 15, 2014

Shake Shack fast-food chain preparing for an IPO -sources

Aug 15 (Reuters) – Shake Shack, the fast-food restaurant
chain famous for its hamburgers and milkshakes, is preparing to
go public, seeking to tap stock market demand for popular casual
dining companies, according to people familiar with the matter.

Shake Shack’s majority owner, Union Square Hospitality Group
LLC, has interviewed investment banks in recent weeks to appoint
underwriters for an initial public offering, the people said on
Friday.

Aug 13, 2014

InterMune taps banks as it braces for buyout bids: sources

NEW YORK (Reuters) – Biotechnology company InterMune Inc is working with financial advisers to evaluate strategic options as it braces for potential takeover interest from larger drugmakers, people familiar with the matter said.

InterMune is in the early stages of considering options, including a potential sale, and is not soliciting takeover offers, the people said on Wednesday, asking not to be named because the matter is not public.

Aug 11, 2014

Cutrale and Safra make offer for Chiquita Brands

Aug 11 (Reuters) – Juice maker Cutrale and investment firm
Safra Group said on Monday they offered to acquire Chiquita
Brands International Inc in a $610.5 million cash deal
that rivaled an all-stock agreement with Irish tropical fruit
company Fyffes Plc.

The offer comes as Charlotte, North Carolina-based Chiquita
is attempting to close a merger with Dublin, Ireland-based
Fyffes, which the two companies announced in March. The combined
market value of Chiquita and Fyffes is currently close to $1
billion.

Aug 8, 2014

Exclusive: ConAgra CEO Rodkin expected to retire in months – sources

By Olivia Oran and Nadia Damouni

(Reuters) – ConAgra Foods Inc’s long-time chief executive, Gary Rodkin, is expected to retire in the next several months, according to two people familiar with the matter, paving the way for a successor who investors hope can turn around the ailing packaged foods company.

The Chef Boyardee maker, which has a market capitalization of $13 billion, is in the early stages of reaching out to potential candidates to succeed Rodkin, the people said, asking not to be named since the matter is confidential.