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BUSINESS
December 1, 2001 | Reuters
Staff attorneys at the Federal Trade Commission have recommended the agency approve Nestle's plan to acquire Ralston Purina Co. as long as the companies divest themselves of some dry cat-food brands, a source familiar with the case said. The companies have agreed to sell part of their dry cat-food business to Hartz Mountain Corp., which is owned by investment firm J.W. Childs Associates, according to the source. A vote on the deal could come as early as next week.
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BUSINESS
August 1, 1989 | From Associated Press
A federal judge has awarded $10.4 million in damages to Alpo Petfoods Inc. after ruling that Ralston Purina Co. made false advertising claims touting the benefits of Purina Puppy Chow. U.S. District Judge Stanley Sporkin ruled against Ralston's marketing campaign, begun in 1985, in which the firm contended that its Puppy Chow products helped promote proper hip joint development. Ralston will appeal the judgment, the company said Monday in a statement from its St. Louis headquarters.
BUSINESS
January 16, 2001 | From Times Wire Services
Pet-food maker Ralston Purina Co. has reportedly accepted a $10.1-billion takeover offer from Nestle, the Swiss food giant whose products include Friskies cat food and Alpo dog food. The boards of both companies approved the deal Monday afternoon, and an announcement is expected by today, the Wall Street Journal reported on its Web site Monday, citing people familiar with the situation. Nestle would pay $33.50 for each share of Ralston, a 36% premium on the St.
BUSINESS
June 11, 1999 | Bloomberg News
Ralston Purina Co. said it plans to spin off its struggling Eveready Battery unit to focus on its growing pet food business, the nation's largest. Ralston's battery business, with its Eveready and Energizer brands, suffered a drop in sales last year because of U.S. competition and slumping Asian economies. The unit is the No. 2 battery maker worldwide, behind Gillette Co.'s Duracell. Sales were $2.07 billion last year, or nearly 45% of Ralston's $4.65 billion in revenue.
BUSINESS
January 16, 2001 | From Times Wire Services
Pet-food maker Ralston Purina Co. has reportedly accepted a $10.1-billion takeover offer from Nestle, the Swiss food giant whose products include Friskies cat food and Alpo dog food. The boards of both companies approved the deal Monday afternoon, and an announcement is expected by today, the Wall Street Journal reported on its Web site Monday, citing people familiar with the situation. Nestle would pay $33.50 for each share of Ralston, a 36% premium on the St.
BUSINESS
November 27, 1991
Let us hope that the next presidential election will be for the President of the United States, and not of the Republican or Democratic parties. HARRY NEUMAN North Hollywood
BUSINESS
August 17, 1993 | From Times Staff and Wire Reports
Ralston Purina Co. said it's considering spinning off its cereals, baby food, and other smaller grocery foods businesses into a free-standing company.
BUSINESS
June 11, 1999 | Bloomberg News
Ralston Purina Co. said it plans to spin off its struggling Eveready Battery unit to focus on its growing pet food business, the nation's largest. Ralston's battery business, with its Eveready and Energizer brands, suffered a drop in sales last year because of U.S. competition and slumping Asian economies. The unit is the No. 2 battery maker worldwide, behind Gillette Co.'s Duracell. Sales were $2.07 billion last year, or nearly 45% of Ralston's $4.65 billion in revenue.
BUSINESS
July 28, 1998 | Dow Jones
Ralston Purina Co. plans to offer insurance from Veterinary Pet Insurance Inc. through its consumer and veterinary activities. Ralston Purina said the companies will explore whether pet food can be covered by insurance, and may reward pet owners with lower insurance premiums or discounted pet food if they feed their dog or cat Purina. Ralston Purina said it will also work with the Anaheim company to educate pet owners on nutrition, preventive veterinary care, and the availability of insurance.
BUSINESS
February 8, 1998 | JAMES FLANIGAN
Amid all the uncertainties of a rapidly changing world, a 2-century-old company is striking off in a new direction, demonstrating that renewal and reinvention are the essence of business management in this age. DuPont, the giant chemical company whose formal name is E.I. duPont de Nemours & Co., has invested $3.2 billion in the last year to create a joint venture with Pioneer Hi-Bred, a leading seed company, and to buy the Protein Technologies business of Ralston-Purina.
BUSINESS
January 31, 1998 | From Times Wire Services
Kellogg Co. said Friday that fourth-quarter earnings fell 2.8% amid competition from rival cereal makers, and warned 1998 profit will be trimmed by the effect of a strong dollar against foreign currencies. The world's largest maker of cereals said earnings before charges fell to $158.5 million, or 39 cents a diluted share, from $163.1 million, or 39 cents, a year ago. It was expected to earn 40 cents a diluted share, according to IBES International Inc.
BUSINESS
August 23, 1997 | Bloomberg News
DuPont Co. said it agreed to buy Ralston Purina Group's soy unit for $1.5 billion in stock and assumed debt as the largest U.S. chemical company raised its bet on its future in agribusiness. The acquisition of Ralston Purina's St. Louis-based Protein Technologies International unit, a maker of soy protein and food ingredients with $450 million in annual sales, comes on the heels of DuPont's Aug. 7 announcement of a $1.7-billion investment in Pioneer Hi-Bred International Inc.
BUSINESS
August 17, 1993 | From Times Staff and Wire Reports
Ralston Purina Co. said it's considering spinning off its cereals, baby food, and other smaller grocery foods businesses into a free-standing company.
BUSINESS
July 28, 1998 | Dow Jones
Ralston Purina Co. plans to offer insurance from Veterinary Pet Insurance Inc. through its consumer and veterinary activities. Ralston Purina said the companies will explore whether pet food can be covered by insurance, and may reward pet owners with lower insurance premiums or discounted pet food if they feed their dog or cat Purina. Ralston Purina said it will also work with the Anaheim company to educate pet owners on nutrition, preventive veterinary care, and the availability of insurance.
BUSINESS
December 26, 1992 | MARY GUTHRIE, TIMES STAFF WRITER
The company that invented baby food is having a harder time selling it these days. Gerber Products Co., the company that brought the first strained peas onto the market in 1927, has lost market share to second- and third-place competitors since implementing a price increase last September that wasn't initially matched.
BUSINESS
November 27, 1991
Let us hope that the next presidential election will be for the President of the United States, and not of the Republican or Democratic parties. HARRY NEUMAN North Hollywood
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