Month: June 2018

Highfields Capital Intends to Vote Against Rite Aid Corporation’s Proposed Merger with Albertsons Companies, Inc. PR Newswire BOSTON, June 27, 2018 BOSTON , June 27, 2018 /PRNewswire/ — Highfields Capital Management (“Highfields”), a value-oriented investment management firm that holds approximately 47 million shares, or 4.4% of the outstanding shares, of Rite Aid Corporation (NYSE: RAD) (“Rite Aid”), today said that it intends to vote against Rite Aid’s proposed merger with Albertsons Companies, Inc. (“Albertsons”), as presently constituted. […]

Auveco, a Leader in the Automotive Fastener and Body Hardware Aftermarket, Expands Into Adjacent Mechanical Aftermarket With Acquisition of Marli Manufacturing PR Newswire COLD SPRING, Ky., June 27, 2018 COLD SPRING, Ky. , June 27, 2018 /PRNewswire/ — Auveco (the “Company”), the largest purveyor of specialty fasteners and body hardware used in the automotive aftermarket, announces the acquisition of Marli Manufacturing, headquartered in Binghamton, New York. Marli is a provider of automotive aftermarket mechanical components, including engine head bolts, intake manifold bolts, oil drain plugs, oil drain gaskets and other specialty fasteners and fittings. […]

Beltservice Corporation Will Acquire Rubber and Plastics, Inc. (RPI) Beltservice Corporation (“Beltservice”), a St. Louis -based market leader in value-added fabrication and distribution of conveyor belt and related products, has an agreement to acquire Rubber and Plastics Inc (“RPI”) with a closing set for June 29th. […]

Cerberus Capital Management Completes Acquisition of Electrical Components International PR Newswire NEW YORK, June 27, 2018 NEW YORK , June 27, 2018 /PRNewswire/ — Cerberus Capital Management, L.P. (“Cerberus”) today announced the completion of the previously announced acquisition of Electrical Components International, Inc. (“ECI”) by a Cerberus affiliate from affiliates of KPS Capital Partners, LP […]

Conagra Brands To Acquire Pinnacle Foods For $10.9 Billion In Cash And Stock Will Combine Two Growing Portfolios of Iconic Brands Will Create a Leader in Frozen Foods with an Expanded Presence in Snacks Will Deliver $215 Million in Annual Run-Rate Cost Synergies by Fiscal 2022 Low Single-Digit Percentage Adjusted EPS Accretion Expected in Fiscal Year Ended May 2020; High Single-Digit Percentage Adjusted EPS Accretion Expected in Fiscal Year Ended May 2022 Conagra Brands’ Previously Scheduled Conference Call Rescheduled to 9:30 AM Eastern Time Today PR Newswire CHICAGO and PARSIPPANY, N.J., June 27, 2018 CHICAGO and PARSIPPANY, N.J. , June 27, 2018 /PRNewswire/ — Conagra Brands, Inc. […]

Fetzer Vineyards Adds Excelsior Wines To Portfolio California winery to incorporate collection, becoming nation’s 12th-largest wine marketer PR Newswire MENDOCINO COUNTY, Calif., June 26, 2018 MENDOCINO COUNTY, Calif. , June 26, 2018 /PRNewswire/ — Fetzer Vineyards today announced the incorporation of the Excelsior Wine Company (“Excelsior”) collection to its portfolio, effectively becoming the nation’s leading supplier of South American wines and the 12 th -largest wine marketer in the United States . […]

Danfoss (DK) buys minority shares in Nelumbo (US) Danfoss has purchased minority shares in Nelumbo, an American start-up company located in Hayward, California, USA. Nelumbo has developed a unique surface treatment technology that can be used for improved heat exchanger performance and corrosion resistance. PR Newswire BALTIMORE, June 26, 2018 BALTIMORE , June 26, 2018 /PRNewswire/ — With its recent investment in Nelumbo, Danfoss continues to add significant new technology to its portfolio of solutions and services. […]

Newalta and Tervita Announce Court Approval of Plan of Arrangement PR Newswire CALGARY, June 26, 2018 CALGARY , June 26, 2018 /PRNewswire/ – Newalta Corporation (” Newalta “) (TSX: NAL) and Tervita Corporation (” Tervita “), a private Alberta -based energy-focused waste and environmental services company, are pleased to announce that today they received the approval of the Court of Queen’s Bench of Alberta for the previously announced plan of arrangement (the ” Arrangement “) under the Business Corporations Act ( Alberta ) pursuant to which, among other things, Newalta and Tervita will amalgamate to form a new corporation called Tervita Corporation, creating a leading energy-focused waste and environmental services company in Canada . At the Newalta annual and special meeting of securityholders held on April 30, 2018 , the Arrangement was approved by 99.83% of the votes cast by Newalta securityholders who voted on the Arrangement. At the Tervita annual and special meeting of shareholders held on April 30, 2018 (the ” Tervita Meeting “), the Arrangement was approved by 100% of the votes cast by Tervita shareholders who voted on the Arrangement […]

Dr Pepper Snapple Group Sets Record Date for Special Dividend Contemplated by Keurig Transaction and Provides Estimated Earnings and Profits PR Newswire PLANO, Texas, June 26, 2018 PLANO, Texas , June 26, 2018 /PRNewswire/ — Dr Pepper Snapple Group, Inc. (NYSE: DPS) (the “Company” or “DPS”) today announced that its Board of Directors has conditionally set July 6, 2018 as the record date for the special dividend (the “Special Dividend”) of $103.75 per share on the Company’s common stock contemplated by the Agreement and Plan of Merger among the Company, a special purpose merger subsidiary of the Company and Maple Parent Holdings Corp (” Maple Parent “), the indirect parent of Keurig Green Mountain, Inc. Under the terms of the agreement, Maple Parent will merge with the merger subsidiary and become a wholly owned subsidiary of the Company. […]