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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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December 18, 2014
18:06 EDTULUnilever withdraws lawsuit against Hampton Creek
Unilever U.S. has withdrawn its lawsuit against Hampton Creek over the labeling of its Just Mayo product.
10:07 EDTULFrance's antitrust authority fines Colgate, Unilever, P&G, WSJ reports
France's Autorité de la Concurrence has fined consumer product companies including Unilever (UN, UL), Procter & Gamble (PG), Reckitt Benckister (RGBLY) and Colgate (CL) a total of EUR345.2M for anticompetitive practices between 2003-2006, The Wall Street Journal reports. L'Oreal (LRLCY), Gillette and Beiersdorf were fined EUR605.9M in total. Reference Link

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