Google has announced that Chinese authorities had approved its $12.5 billion purchase of Motorola Mobility Holdings, which means that now nothing can stop the tech giant from starting to develop its own line of smart phones.
After a long research and investigation, Procter & Gamble has announced it sells its Pringles brand to Kellogg for $2.7 billion in cash. The deal is expected to be completed in summer 2012. Last year P&G intended to sell the chips brand to Diamond Foods but the agreement has been mutually terminated.
Schawk, Inc. has closed its previously announced acquisition of substantially all of the assets of Lipson Associates, Inc. and Laga, Inc., which does business as Brandimage—Desgrippes & Laga, or “Brandimage,” for a cash purchase price of $25 million, subject to certain closing and post-closing adjustments, and the assumption of certain trade account and business related liabilities. Schawk funded the purchase price through a draw from its existing credit facility.
Unilever, one of the world’s leading consumer goods companies and Concern Kalina, the leading Russian beauty company, today announced that Unilever has agreed to acquire 82% of Concern Kalina. The transaction, which is pending required regulatory approvals, values the equity of the total business at RUB 21.5 billion (€ 500 million).
On March 2, Costa, the biggest cofee retailer in the U.K., announced its plans on launching a new chain of self-serve coffee bars for the customers who want a high-quality coffee on the go.
This announcement was made yesterday after it was reported that Costa had aquired Coffee Nation, a chain of self-service coffee bars across the country. It is understood that Coffee Nation facilities and equipment will serve as a terrific platform for Costa Express. According to the official press announcement, the first bars of Costa Express chain will start operating in June 2011.