PepsiCo’s bid for their largest bottler, The Pepsi Bottling Group (PBG), has been rejected as “grossly inadequate”. PepsiCo announced their intention to purchase their two largest bottlers...

New Zealand dairy giant Fonterra has announced binding agreements with both Nestlé Australia and Regal Cream Products (Bulla Dairy Foods) to sell its Australian ice cream business. The world’s largest...

Coca-Cola Amatil (CCA) Chief Executive Terry Davis has said the price offered to Lion Nathan shareholders solidifies their view that last year’s offer by Lion undervalued their worth.The offer for...

A class action lawsuit has been filed by two pension funds against the Pepsi Bottling Group alleging breaches of duty arising out of their attempt to sell Pepsi Bottling Group to PepsiCo. The surprise...

Lion Nathan has agreed terms on a takeover by Japanese giant Kirin Holdings. The 54 per cent of the Australian brewer not currently owned by Kirin will be purchased for $12.22 a share, markedly above the...

As discussions with major shareholder Kirin regarding their takeover proposal continue, Lion Nathan has announced a 6.9% rise in net profit after tax for the first half – an announcement that was...

Australia’s second largest alcoholic beverages group is currently discussing the merits of a takeover offer by their major shareholder. Japan’s Kirin Holdings, which has a 46.13% stake in Lion...

The proposed takeover of chicken processor Bartter is to again be scrutinised by the competition watchdog after Baiada announced they would be prepared to divest all assets currently owned by Bartter in...

Asahi’s acquisition of Schweppes is now complete, with the A$1.185 million deal going through on Friday. Todd Stitzer, CEO of Cadbury, said the UK-based firm decided to sell the Schweppes business...

The Australian Competition and Consumer Commission has announced it will not oppose Asahi’s $1.185 billion purchase of Cadbury’s Schweppes business in Australia. A conditional agreement between...