Tom Johnson News
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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).
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The main trade association for the securitization industry is in turmoil after most of the board resigned in a dispute with the group’s executive director over governance and bonuses, according to six people with knowledge of the matter.
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McKenna Long & Aldridge LLP acquired aviation boutique law firm Dombroff Gilmore Jaques & French, giving the firm 15 new lawyers and two new offices in northern Virginia and Miami.
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Jeff Zucker, the former NBC Universal chief who was named to lead Time Warner Inc.’s CNN yesterday, said the network needs to broaden its news coverage and keep viewers longer to compete with Fox News and MSNBC.
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Tom Johnson and Joe Marler will make their England rugby team debuts in this weekend’s tour-opening Test against South Africa.
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Barry Sternlicht, who built his career buying distressed real estate in the early 1990s, is seeking to profit from the U.S. housing market revival by taking public a four-year-old homebuilder that has yet to make money.
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Avon Products Inc.’s naming of Johnson & Johnson’s Sherilyn McCoy as chief executive officer may delay the company’s turnaround efforts and decrease the chances of a takeover by Coty Inc., analysts said.
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Coty Inc. Chairman Bart Becht said two weeks ago it was time for Avon Products Inc. shareholders to persuade the board to accept his company’s $10 billion bid. Several investors have discussed the offer with the board, and their message is clear: Get more money or forget about it.
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Pegasus Capital Advisors LP hired Neil Jacobs, former president of Starwood Capital Group LLC’s hotel unit, to run its Six Senses Resorts & Spas division as it seeks to expand the ultra-luxury brand.
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BMC Software Inc.’s biggest stock rally in more than three years doesn’t mean the company is going to agree to a takeover just yet.
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