Nestle is among the potential suitors exploring an acquisition of Hain Celestial, Bloomberg wrote earlier Monday.
The owner of Health Valley cereal and Terra chips has been working with Centerview Partners to explore a strategic review that could include a sale.
Nestle has had conversations about buying the company as a whole or in parts, Bloomberg said.
Hain’s strategic review comes after a fight with activist investor Engaged Capital that led to changes in its board.
Shares of Hain, which has a market capitalization of $4.3 billion, spiked 7 percent before being halted in afternoon trading. After resuming trade, Hain shares ended the day 2.6 percent higher at $40.89.
By Lauren Hirsch
Source: CNBC
McCain Foods has completed the acquisition of Irish plant-based frozen food manufacturer Strong Roots. The acquisition follows McCain and Strong Roots’ strategic partnership, which began in 2021 and resulted from a $55 million investment.
Cargill partners with Voyage Foods to scale up alternatives to cocoa-based products to meet consumers’ indulgence needs. The commercial partnership will also provide food manufacturers with nut spreads produced with no nut or dairy allergens used in the recipe formulation.
L’Occitane International owner Reinold Geiger is reportedly close to taking the company private in a deal with Blackstone. The French skin care company’s filing halted trading of its Hong Kong-listed shares this week. This is the second time in months that the Australian billionaire has attempted a buyout.
