PepsiCo in $1.7bn acquisition of Pioneers Foods; owner of Sasko, Ceres and Weet-Bix
PepsiCo has entered into an agreement to acquire all the outstanding shares of Pioneer Foods for R110 per share in cash (approximately $1.7bn).
Pioneer Foods
Flash Briefing: JSE food producers perk up, mining stocks take a hit; Boeing drifts on safety deactivation
Leading stocks upwards on the jSE were major food producers RCL Foods and the Pioneer Foods group. The share prices of both companies rose about 2.5%.
Double whammy: Tiger Brands slumps as profits hurt by costs, listeriosis
Tiger Brands tumbled after Africa’s largest listed packaged-food maker said full-year profit fell as much as 37 percent after one of its plants was blamed for South Africa’s listeriosis outbreak.
Entrepreneur, print mogul Lambert Retief passes away
One of Cape Town’s greatest entrepreneurs, print mogul Lambert Retief, has died following his short battle with brain cancer.
Jannie Mouton’s Pioneer Foods launches its Nigerian adventure
After the success of his own PSG Group and investments in Capitec and Curro, Stellenbosch-based genius Jannie Mouton seems to have hit the motherlode once again with Pioneer Foods.
Sasha Naryshkine: BHP, Hulamin, Netcare, Pioneer
Monday means Sasha Naryshkine, Director at Vestact, joining us on CNBC’s Powerlunch to chat about today’s market stories.
Pioneer Food results – 9% increase in revenue
From SENS Pioneer Foods released interim results today, posting positive results for the 6 month period. Pioneer currently holds a R22bn market cap, with a 22% improvement on its share price in the last year. Pioneer is trading up on the day on the back of its positive results. H1 revenue for continuing operations R8.8bn … Read more