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Germany's JAB to buy Douwe Egberts firm in $9.8 billion deal

German investor Joh A Benckiser (JAB) is to buy the owner of Douwe Egberts coffee in a 7.5-billion-euro ($9.8 billion) deal to create a global hot drinks empire aimed at taking on market leaders Nestle and Mondelez.

 

Nestle Offers $1.7 Billion For 60% Stake In Hsu Fu Chi

The Swiss food giant Nestle SA has offered to buy 60% of Chinese snacks and candy company Hsu Fu Chi International for 2.1 billion Singapore dollars ($1.7 billion). The world’s largest food company agreed to pay S$4.35 ($3.56) for each share of Singapore-listed Hsu Fu Chi, an 8.7% premium on Friday’s closing price.

 

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