Tyson ties knot with Hillshire July 2, 2014 TYSON Foods and Hillshire Brands yesterday made their $8.55bn (£5bn) tie-up official, after rival Pinnacle ended its pursuit. Arkansas-based Tyson swooped on Hillshire in May with an unsolicited offer, eventually scuppering Pinnacle’s merger ambitions. Hillshire said last month that it was dropping its support for Pinnacle’s plans, leaving Tyson clear to seal its $63-per-share bid. [...]
Investors in Daisy probed June 24, 2014 THE TAKEOVER Panel is said to be investigating whether two investors in telecoms group Daisy have been colluding over their combined shareholding in the Aim-listed firm. The panel has written to Invesco Perpetual and Oakley Capital, which together own about 36 per cent of Daisy, to ask for their views about whether they should be [...]
Baltic Dry is on the slide June 24, 2014 THE BALTIC Dry Index, a measure of commodity shipping costs around the world, is at its lowest of the year so far and is edging nearer its all-time worst level. The index dropped two per cent yesterday, taking its losses for the year to date to 61 per cent. At 886, the measure is well-below [...]
Europe’s airlines cancel flights ahead of French air traffic control strikes June 23, 2014 European air passengers will be hit with widespread delays and cancellations today and during the rest of the week as the French air traffic controllers hold their fourth strike in the space of a year. France’s aviation authority has asked airlines to cancel a fifth of flights passing through most major French airports. The body [...]