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Jacobs Suchard Ag

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BUSINESS
March 3, 1992 | From Times Staff and Wire Reports
P&G Sells Italian Coffee Unit: Procter & Gamble Co. has agreed to sell its Italian coffee business for an undisclosed price to Jacobs Suchard Italia, a unit of tobacco and food giant Philip Morris. The sale includes the Splendid and Caramba brands and a manufacturing plant in Andezeno, Italy. P&G bought the Italian business in 1973 from Societa Generale del Caffe.
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BUSINESS
June 25, 1988 | Associated Press
Jacobs Suchard AG conceded defeat on Friday in the takeover battle for British confectioner Rowntree PLC to Swiss foods giant Nestle SA, which now will displace Suchard as the world's second-largest confectioner. But Suchard, which agreed to sell its 28.4% stake in Rowntree to Nestle for 690 million pounds ($1.2 billion), is walking away with a hefty profit, which analysts estimate at more than 200 million pounds.
BUSINESS
June 23, 1990 | STUART SILVERSTEIN, TIMES STAFF WRITER
Philip Morris Cos., the international food and tobacco giant, is gobbling up some of Europe's fine chocolates and coffee. In a $3.8-billion deal announced Friday, it agreed to buy most of Jacobs Suchard AG of Zurich, the world's No. 3 coffee and chocolate company.
BUSINESS
March 3, 1992 | From Times Staff and Wire Reports
P&G Sells Italian Coffee Unit: Procter & Gamble Co. has agreed to sell its Italian coffee business for an undisclosed price to Jacobs Suchard Italia, a unit of tobacco and food giant Philip Morris. The sale includes the Splendid and Caramba brands and a manufacturing plant in Andezeno, Italy. P&G bought the Italian business in 1973 from Societa Generale del Caffe.
BUSINESS
April 27, 1988 | From Reuters
Nestle SA presented a takeover offer for Rowntree PLC on Tuesday that valued the British confectioner at $3.9 billion and sparked expectations of a bidding war here between Switzerland's top chocolate makers. Rowntree, which also has been eyed by Jacob Suchard AG, called the takeover offer unwelcome. "It is our intention to remain independent," a Rowntree spokeswoman said, but the firm's continued independence appeared less likely as Suchard responded angrily to Nestle's move.
BUSINESS
June 23, 1990 | STUART SILVERSTEIN, TIMES STAFF WRITER
Philip Morris Cos., the international food and tobacco giant, is gobbling up some of Europe's fine chocolates and coffee. In a $3.8-billion deal announced Friday, it agreed to buy most of Jacobs Suchard AG of Zurich, the world's No. 3 coffee and chocolate company.
BUSINESS
June 25, 1988 | Associated Press
Jacobs Suchard AG conceded defeat on Friday in the takeover battle for British confectioner Rowntree PLC to Swiss foods giant Nestle SA, which now will displace Suchard as the world's second-largest confectioner. But Suchard, which agreed to sell its 28.4% stake in Rowntree to Nestle for 690 million pounds ($1.2 billion), is walking away with a hefty profit, which analysts estimate at more than 200 million pounds.
BUSINESS
April 27, 1988 | From Reuters
Nestle SA presented a takeover offer for Rowntree PLC on Tuesday that valued the British confectioner at $3.9 billion and sparked expectations of a bidding war here between Switzerland's top chocolate makers. Rowntree, which also has been eyed by Jacob Suchard AG, called the takeover offer unwelcome. "It is our intention to remain independent," a Rowntree spokeswoman said, but the firm's continued independence appeared less likely as Suchard responded angrily to Nestle's move.
BUSINESS
September 20, 1988 | Reuters
After shedding Friendly Ice Cream Corp. this summer, Hershey Foods Corp. is looking for new ventures, particularly in Europe, Chief Executive Officer Richard Zimmerman said. "The sale of Friendly gives us a new piece of work to do. I'd like to think there'd be opportunity for new ventures and work with people in international markets, especially Europe," Zimmerman said in an interview. He said the company will look for overseas ventures in consumer food products and in the confectionery market.
BUSINESS
June 22, 1990 | From Associated Press
Philip Morris Cos. will acquire the Swiss coffee and chocolate giant Jacobs Suchard AG in a deal valued at about $3.8 billion, the companies announced today. The combination, which will link Suchard with Philip Morris' Kraft General Foods International unit, will create one of the largest coffee and confectionery companies in the world. Under the agreement announced in Zurich, Philip Morris will acquire Colima Holding AG, which holds a 60% stake in Suchard.
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