Royal Ahold NV, the Dutch owner of Stop & Shop grocery stores, is likely to redistribute some of the 20 billion kronor ($3.1 billion) proceeds of its ICA stake sale to shareholders as it shies away from large acquisitions.
Reckitt Benckiser Group Plc , the maker of Lysol cleaners and Nurofen painkillers, agreed to buy India’s Paras Pharmaceuticals Ltd. for about 32.6 billion rupees ($724 million), extending its push into consumer healthcare.
Danone, the world’s biggest yogurt maker, reported first-quarter revenue growth that beat analysts’ estimates as it sold more bottled water in Indonesia and China and baby food in Asia and the Middle East.
D.E Master Blenders 1753 NV rose in Amsterdam trading as investors placed their trust in Chairman Jan Bennink following the surprise departure of Chief Executive Officer Michiel Herkemij a year into the job.
Nestle SA , the world’s largest food company, reported 2010 sales growth that beat analysts’ estimates as consumers bought more Nespresso coffee capsules, and forecast higher revenue and margins this year.
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.