Kellogg Company announced that it has entered into an agreement to acquire Procter & Gamble’s Pringles business (“Pringles”) for $2.695 billion. Pringlesis an excellent strategic fit for Kellogg Company. It significantly advances the company’s goal of building a global snacks business on par with its global cereal business. Kellogg has established a strong U.S.-based snacks [...]
Hertz Global Holdings announced that it has acquired, from Thales Navigation, the remaining 35% stake in Navigation Solutions, the operational arm of Hertz’s award winning NeverLost customized, in car GPS system. Navigation Solutions will become a wholly-owned subsidiary of The Hertz Corporation. “NeverLost‘s GPS-based technology and customized travel content package has been an instrumental element [...]
Akamai Technologies (NASDAQ: AKAM) and Cotendo announced that the two companies have signed a definitive agreement for Akamai to acquire Cotendo. Helping to mitigate the challenges of operating in a hyperconnected world, Akamai provides a secure platform over which businesses can engage users across the Web, mobile, cloud, or a mix of public and private [...]
UPS announced an agreement to purchase Italy-based Pieffe Group (Pieffe Depositi; Pieffe Nord). This acquisition supports UPS’s ongoing global healthcare strategy, which has seen the company make investments to better serve its growing customer base in the pharmaceutical, biotech and medical device industries. The announcement follows the opening of five new dedicated facilities this year [...]