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Twinkies maker Hostess to go public under new owner
July 6, 2016 by publisher · Leave a Comment
The Kansas City, Missouri-based snack cake company, which was founded in 1919, will be acquired by Gores Holdings Inc , a special purpose acquisition company (SPAC). Including debt, the total value of the deal is about $2.3 billion, Hostess said. The company's products, especially the golden, cream-filled Twinkies cakes, are ingrained in American pop culture and have long been packed in children's lunch boxes.
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Twinkies maker Hostess to go public under new owner
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‘Sweetest’ town clings to Hershey, adding to takeover hurdles
July 6, 2016 by elegant · Leave a Comment
The impact of such views goes beyond sentimental in the wake of Mondelez International Inc's $23 billion bid to buy the company, which Hershey said on June 30 it had rejected. The town of Hershey, where the company's staunchest loyalists are referred to as “Hershey-ites”, has real influence over corporate decisions. The Hershey Trust, a $12 billion school charity and the company's controlling shareholder, has become increasingly involved in the local community over the decades, and
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‘Sweetest’ town clings to Hershey, adding to takeover hurdles
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Tesla told regulators about Autopilot crash nine days after accident
July 6, 2016 by creative · Leave a Comment
By Alexandria Sage and Paul Lienert SAN FRANCISCO/DETROIT (Reuters) – Tesla Motors alerted regulators to a fatality in one of its electric cars in partial self-driving Autopilot mode nine days after it crashed, the company said on Tuesday, …
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Tesla told regulators about Autopilot crash nine days after accident
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Medivation agrees to open its books to Sanofi
July 6, 2016 by admin · Leave a Comment
San Francisco-based Medivation shares jumped as much as 4.2 percent after Reuters first reported that Medivation and Sanofi were in talks over a confidentiality pact, adding to similar agreements Medivation has with Pfizer Inc and Celgene Corp , which have also expressed interest in an acquisition. The move comes after Medivation rejected Sanofi's $9.3 billion offer in April, prompting Sanofi to embark on a campaign to convince Medivation shareholders to oust Medivation's