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BUSINESS
January 17, 2001
* Ocean Spray Inc. said its shareholders voted 2 to 1 to reject a proposal to sell the largest U.S. maker of cranberry juice. The almost 1,000 cranberry and grapefruit growers who own the cooperative voted at Ocean Spray's annual meeting in San Diego, a company spokesman said. J. Garfield DeMarco, a New Jersey grower who is the No. 3 Ocean Spray shareholder, and two growers from Massachusetts sued the company in November to try to force the board to consider a sale.
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BUSINESS
June 9, 2004 | From Associated Press
The cranberry and grapefruit growers who own Ocean Spray Inc. narrowly rejected PepsiCo Inc.'s offer to buy a stake in the agricultural cooperative. About 900 farmer-owners in Massachusetts, Wisconsin, New Jersey, Florida, Oregon, Washington and Canada voted 52% to 48% to turn down PepsiCo's bid to acquire half its branded business, Ocean Spray said.
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BUSINESS
June 9, 2004 | From Associated Press
The cranberry and grapefruit growers who own Ocean Spray Inc. narrowly rejected PepsiCo Inc.'s offer to buy a stake in the agricultural cooperative. About 900 farmer-owners in Massachusetts, Wisconsin, New Jersey, Florida, Oregon, Washington and Canada voted 52% to 48% to turn down PepsiCo's bid to acquire half its branded business, Ocean Spray said.
BUSINESS
January 17, 2001
* Ocean Spray Inc. said its shareholders voted 2 to 1 to reject a proposal to sell the largest U.S. maker of cranberry juice. The almost 1,000 cranberry and grapefruit growers who own the cooperative voted at Ocean Spray's annual meeting in San Diego, a company spokesman said. J. Garfield DeMarco, a New Jersey grower who is the No. 3 Ocean Spray shareholder, and two growers from Massachusetts sued the company in November to try to force the board to consider a sale.
BUSINESS
December 10, 1997
The U.S. Postal Service made a $1.3-billion profit in 1997, the third year in a row it finished more than $1 billion in the black. . . . Ocean Spray Cranberries Inc. agreed to buy a substantial stake in Nantucket Nectars, as the nation's largest maker of bottled and canned juices seeks to build sales of exotic-fruit beverages. Terms were undisclosed.
NEWS
December 20, 1988 | Associated Press
Ocean Spray Cranberries Inc. pleaded guilty today to 21 misdemeanor charges and was fined $400,000 for dumping refuse into sewers near its Middleboro, Mass., fruit-processing plant. Under a plea agreement with the U.S. attorney's office in which more than 50 charges were dropped, including six felony charges, the Plymouth-based cooperative also promised to spend $100,000 on waste-water treatment equipment. Ocean Spray had faced up to $2.1 million in fines from all the charges.
NEWS
December 20, 1988 | Associated Press
Ocean Spray Cranberries Inc. pleaded guilty today to 21 misdemeanor charges and was fined $400,000 for dumping refuse into sewers near its fruit-processing plant at Middleboro, Mass. Under a plea agreement with the U.S. attorney's office in which more than 50 charges were dropped, the Plymouth-based cooperative also promised to spend $100,000 on waste water treatment equipment.
BUSINESS
November 20, 1999 | Bloomberg News
Ocean Spray Cranberries Inc. said it is not putting itself up for sale or pursuing a merger, two months after it hired a financial advisor to explore its options. The Lakeville, Mass.-based cooperative of cranberry and grapefruit growers will pursue "substantive" changes to the company, including selling or closing some businesses or product lines and changing the board's structure, said spokesman Chris Phillips. Profit at Ocean Spray has been hurt by competition from PepsiCo Inc.
BUSINESS
February 28, 2003
* Northland Cranberries Inc. of Wisconsin said it made an unsolicited bid to buy Ocean Spray Cranberries Inc.'s juice business for $800 million, including the Ocean Spray brand. Ocean Spray representatives were not available to comment. * Kmart Corp. said the former head of its supply chain has agreed to cooperate with an investigation into the company's former management. * Interpublic Group of Cos.
BUSINESS
September 10, 1999 | From Staff and Wire Reports
A crop surplus and increased competition has prompted Ocean Spray Cranberries Inc., the country's largest cranberry juice maker, to consider a corporate restructuring. The Lakeville. Mass.-based cooperative of 950 cranberry and grapefruit growers said Thursday that it has hired strategist Bain & Co. of Wareham, Mass., to evaluate a number of options, including a merger, according to Chris Phillips, an Ocean Spray spokesman. He declined to discuss any other options.
NEWS
January 22, 1997 | PAUL DEAN, TIMES STAFF WRITER
It was Queen Victoria--royally pained in 1900 by a courtier's impersonation of her prim voice and puffy cheeks--who noted that we were not amused. With such aloof precedence, we must presume today's royals are unamusedly bashing their heads against Buckingham Palace at word that Sarah Ferguson, Duchess of York, will appear in TV commercials and throw her rank around for Weight Watchers.
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