Interline Inks $812M Takeover From Pair of Private Equity Firms
Interline Brands announced an $812 million leveraged buyout on Tuesday from GS Capital Partners and P2 Capital Partners that will take the industrial products distributor private.
Interline Brands to Go Private for $812M
Goldman Sachs Capital Partners and P2 Capital Partners will buy Interline Brands in a deal valued at about $811.9 million.
Kraft Shareholders Give Nod to Mondalez Snack Name
Kraft shareholders have agreed to name the company's global snacks business Mondelez International when it completes the spin-off.
Hormel Foods 2Q Grows 14%, Tops Street
Hormel Foods reported stronger-than-expected second-quarter profit on Wednesday, led by sales of Jennie-O Turkey and international growth.
General Mills Axes 850 Global Jobs
General Mills said it would cut some 850 jobs and implement other cost savings in an effort to better tackle rising commodity costs.
Glencore Takes Control of Mutanda With $480M Deal
Glencore has taken majority control of its fast-growing copper operation in Congo with deals worth $480 million.
CLSA Ups Pepsi, Sees Better Odds of Split
PepsiCo was upgraded to outperform from underperform by CLSA, as it saw chances for a break-up improve following news that activist investor Ralph Whitworth snagged a stake in the soda and snacks giant.
Deere 2Q Tops Street, Raises Outlook as Farm Demand Grows
The world's largest farm equipment maker, Deere reported higher quarterly earnings that topped estimates and lifted its full-year outlook.
Pepsi Board OKs 4% Dividend Hike
Pepsi lifted its annual dividend by 9 cents a share on Wednesday just days after reporting a stronger-than-expected first-quarter profit.
Eaton Scoops up Cooper Industries for $11.8B
Eaton will buy electrical equipment supplier Cooper Industries for $11.8 billion to grow its power business and further expand its global reach.
Tyson Foods 2Q Profit Tops Street, Upbeat on 2012
Tyson Foods posted a stronger second-quarter profit Monday that beat Wall Street expectations and said it expects to gain momentum heading into the second half of fiscal 2012.
ITT's 1Q Results Surpass Forecasts; Guidance Maintained
Conglomerate ITT disclosed a 98% plunge in first-quarter earnings due to spinoff costs, but the company’s adjusted profits easily surpassed Wall Street’s expectations.
Sara Lee Cooks Up Disappointing 3Q Profit, Shares Fall
Sara Lee reported a worse-than-expected decline in quarterly profit on Thursday, as earnings across its business segments declined despite sales growth.
3M, Avery Remain Committed to Transaction
The makers of Post-Its and labels remain dedicated to striking a deal despite antitrust concerns.
Tyco to Pay $13M to Settle Bribery Case
The U.S. Securities and Exchange Commission on Monday charged Tyco International with violating an anti-foreign bribery law.
Retailers Sigh in Relief as Port Workers, Employers Extend Labor Talks
A major port strike has been averted, at least until Dec. 30.
Oshkosh Looks to Double Earnings by 2015
The specialty vehicle maker anticipates doubling earnings over the next three years.
AK Steel Warns of Charge, Wider Loss in 3Q
The steel producer warned it will take a $29 million charge in the third quarter.
Smithfield Suffers 25% Slide in 1Q Net Amid Pork Weakness
Hit by slipping demand for pork, meat producer Smithfield Foods posted a deeper-than-expected 25% tumble in fiscal first-quarter earnings.
Dow Chemical to Reform Under New, More Global Business Structure
Dow Chemical is forming a new global business structure that will include an array of business presidents each responsible for improving earnings in their respective markets.








