North American packaged foods giant ConAgra Foods announced today that it will withdraw a US$5.18 billion proposal to takeover US food manufacturer Ralcorp Holdings if negotiations do not begin by 19 September...

Australian grocery and hardware wholesaler Metcash has notified the Australian Competition and Consumer Commission (ACCC) that, from Friday 15 September, it will no longer require the ACCC’s approval...

Australian brewer Foster’s has urged its shareholders to reject a bid from takeover suitor SABMiller. The Foster’s Board believes the offer “significantly undervalues” the company...

One of Australia’s largest home-grown café groups, The Coffee Club, has bought Australian steakhouse chain Ribs and Rumps. The café group plans to open ten new Ribs and Rumps restaurants each year...

Chinese food group Bright Food has finally reached a deal with Manassen Foods to buy a 75% stake in the Australian food manufacturer from its current owners. The remaining 25% shareholding in Manassen...

Chinese food group Bright Food has reportedly agreed to buy a 75 per cent stake in Australian-branded food manufacturer and importer Manassen Foods. A Reuters report said yesterday (14 July 2011) the stake...

The Australian Competition and Consumer Commission (ACCC) has announced it will not oppose the proposed acquisition of P&N Beverages Australia by Japanese brewery group Asahi after competition concerns...

The future of Sara Lee’s Australian frozen desserts business is hanging in the balance. In its fourth quarter global report, just published, the consumer goods company states that the Australian...

Sara Lee has entered an agreement to sell its North American refrigerated dough business to fellow US food group Ralcorp Holdings. The two companies said today (9 August) that Ralcorp would acquire ...

SABMiller has confirmed that it has made a non-binding, conditional proposal to the Board of Directors of Foster’s Group Limited to acquire all of Foster’s shares for A$4.90 per fully paid...