On March 30, DuPont announced that its wholly-owned subsidiary DuPont Denmark Holding ApS is extending the tender offer period relating to its acquisition of Danisco A/S shares. The extension provides additional time to secure the necessary approvals from the competition authorities in the European Union (EU) and China.
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H.J. Heinz Company (NYSE:HNZ) today announced that it has completed its acquisition of an 80% stake in Coniexpress S.A. Industrias Alimenticias, a leading Brazilian manufacturer of the Quero brand of tomato-based sauces, tomato paste, ketchup, condiments and vegetables. The acquisition of the Quero business, which has annual sales of approximately $325 million, gives Heinz its first major business in Brazil, a key Emerging Market and the worlds fifth most populated nation. Terms of the acquisition were not disclosed.
Torstar Corporation (TSX:TS.B) announced that it has completed the sale of its 20% interest in CTV Inc. (formerly CTVglobemedia Inc.) to BCE Inc. for proceeds of $291.6 million, after adjustments.
