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
L’Oréal has acquired Lactobio, a Dabish probiotic and microbiome research company based in Copenhagen. Lactobio was founded in 2017 by Søren Kjærulff and Charlotte Vedel, who developed a proprietary microbiome discovery platform and screening method to select the most effective and safe strains.
Deliveroo introduces “Deliveroo Shopping,” an on-demand online retail service alongside its existing restaurant food and grocery offering. With personal care and cosmetics on offer, the platform will host a range of retail products, from electronics to pet food, from flowers to toys.
The funds will be primarily allocated to boost business growth, integrate new technologies in the industry, expand manufacturing facilities, transform its portfolio and advance the sustainability agenda in Nestlé’s chocolate, coffee, pet care and nutrition segments in Brazil.