Joh. A. Benckiser, the investment arm of the billionaire Reimann family, agreed to buy D.E Master Blenders 1753 NV for about 7.5 billion euros ($9.8 billion) to build a coffee conglomerate in the industry’s biggest deal ever.
Joh. A. Benckiser is close to announcing a formal offer to buy D.E Master Blenders 1753 NV, the coffee and tea company spun off by Sara Lee Corp., in a bid that may value the company at 7.6 billion euros ($10 billion), people familiar with the matter said.
The investment by Warren Buffett in Goldman Sachs Group Inc. in September 2008 was so confidential that even his chief financial officer was unaware of it before being briefed on the details by a Goldman Sachs executive, a witness at the Rajat Gupta trial testified.
Chris Burch, the former husband of fashion designer Tory Burch, sold about half of his 28.3 percent stake in New York-based retailer Tory Burch LLC Dec. 31, settling a year-old legal dispute between the couple, according to two people familiar with the transaction.
Rajat Gupta, who reached the pinnacle of corporate America as managing partner of McKinsey & Co. and director at Goldman Sachs Group Inc. and Procter & Gamble Co., was convicted by a federal jury of leaking inside information to hedge-fund manager Raj Rajaratnam.
Warren Buffett will be the featured speaker at a Chicago-area fundraiser on Oct. 27 to benefit President Barack Obama’s re-election bid, marking the second time this year the billionaire investor has agreed to help the man who has named a tax-increase proposal after him.
Warren Buffett attended a Chicago- area fundraiser last night to benefit President Barack Obama’s re-election, the second time this year the billionaire investor has lent his appeal to help collect campaign cash for the man who has named a tax-increase proposal after him.
Coty Inc., the closely held perfume maker seeking to buy Avon Products Inc. for $10 billion, has determined that a private-company structure will make it easier to turn around the door-to-door seller of cosmetics, said people with knowledge of the matter.