Royal Ahold NV shares fell the most in more than a year after the biggest Dutch retailer said it has been losing market share in the Netherlands and a plan to redistribute cash to shareholders fell short of some analysts’ expectations.
Nestle SA, the world’s largest food company, agreed to sell most of its Jenny Craig diet business to North Castle Partners for an undisclosed amount as it embarks on an effort to dispose of underperforming units.
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.
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.
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.
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).