Royal Ahold NV, the Dutch owner of the Stop & Shop supermarket chain, quadrupled a share buyback to 2 billion euros ($2.6 billion) to redistribute excess cash following the sale of a stake in Swedish retailer ICA.
D.E Master Blenders 1753 NV, the coffee and tea company spun off by Sara Lee Corp., said it’s in talks to be acquired by a group led by Joh. A. Benckiser in a bid that values the company at 7.6 billion euros ($9.7 billion).
In a dozen years running Reckitt Benckiser Group Plc, Bart Becht earned a reputation for developing innovative products and pushing them into far-flung regions. Achieving similar success at investment firm Joh. A. Benckiser, where he’s trying to assemble an $11 billion portfolio of second-tier coffee brands, will be a lot tougher.
Royal Ahold NV, the Dutch owner of the Stop & Shop chain, reported stronger U.S. sales than some analysts anticipated as American shoppers stocked up with provisions ahead of superstorm Sandy in October.
CSM NV agreed to sell its bakery supplies unit to Rhone Capital LLC for 1.05 billion euros ($1.36 billion) including debt, ending a 10-month search for a buyer as it seeks to focus on bio-based ingredients.
Unilever may this year post the fastest growth of Chief Executive Officer Paul Polman ’s tenure as the world’s second-largest consumer-products maker sells more in emerging markets and lifts prices on soaps and shampoos.