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Fonterra to offer at least 20% premium for Beingmate shares in deal to drive Anmum sales
By Jonathan Underhill Aug. 27 (BusinessDesk) - Fonterra Cooperative Group will offer a premium of at least 20 percent for a one-fifth stake in Beingmate Baby & Child Food as part of a $615 million investment in a partnership to drive baby food sales into China. Fonterra wil...
Smiths City shares climb 8% after Edison report says stock undervalued
By Suze Metherell Aug. 27 (BusinessDesk) - Shares of Smiths City Group climbed 8 percent after a report by Edison Investment Research said the furnishing and appliance store's plans to expand to the North Island hold promise, and the stock is undervalued relative to its peers....
Fonterra to buy 20% stake in China's Beingmate, sell Darnum plant into JV
Aug. 27 (BusinessDesk) - Fonterra Cooperative Group plans to enter a joint venture with China's Beingmate that will own the dairy giant's Darnum plant in Australia and produce infant formula products for the Chinese market, for a total investment of $615 million. The Australia...
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