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Stock Market & Financial Investment News

News Breaks
May 22, 2014
05:38 EDTULUnilever agrees to sell Ragu, Bertolli brands to Mizkan Group for $2.15B
Unilever announced that it has signed an agreement for the sale of its North America pasta sauces business under the Ragu and Bertolli brands to Mizkan Group for a total cash consideration of approximately $2.15B. The annual turnover for Ragu and Bertolli is more than $600M. The transaction includes two production facilities – a sauce processing and packaging facility in Owensboro, Kentucky, and a tomato processing facility in Stockton, California. The transaction is expected to close by the end of June.
News For UL From The Last 14 Days
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September 24, 2014
05:26 EDTULUnilever downgraded to Underperform from Hold at Jefferies
Jefferies downgraded Unilever to Underperform citing valuation, a likely CEO succession over the next few years and weak second half of 2014 growth prospects.
September 23, 2014
08:16 EDTULBloomberg Government to hold a briefing
Briefing provides an update on the United Nation’s Millennium Development Goals within their corporate strategies. Participants include Vice President Glazer of Hewlett-Packard and Vice President Veiga-Pestana of Unilever in the briefing being held in New York on September 23 at 5 pm.
September 20, 2014
22:05 EDTULClorox turned down offer to sell or merge with rival, NY Post says
In the last three to six months consumer packaged-goods company Clorox (CLX) turned down an offer from a rival interested in a sale or merger, says the NY Post, citing sources. The NY Post added that logical suitors for Clorox include Church & Dwight (CHD), Procter & Gamble (PG), Jarden (JAH) and Unilever (UN,UL). Reference Link
September 16, 2014
07:49 EDTULBofA/Merrill to hold a conference
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