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Ranks Hovis Mcdougall Plc

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BUSINESS
July 26, 1990 | Associated Press
General Mills Inc. and Nestle SA announced an agreement to buy a British cereal company for about $168 million through their joint venture, Cereal Partners Worldwide. A partnership between the two companies, to be called Cereal Partners UK, has agreed to buy London-based RHM Breakfast Cereals, a division of Ranks Hovis McDougall PLC. The purchase has been approved by the RHM board of directors and the transaction is expected to be completed on or before Aug. 17.
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BUSINESS
July 26, 1990 | Associated Press
General Mills Inc. and Nestle SA announced an agreement to buy a British cereal company for about $168 million through their joint venture, Cereal Partners Worldwide. A partnership between the two companies, to be called Cereal Partners UK, has agreed to buy London-based RHM Breakfast Cereals, a division of Ranks Hovis McDougall PLC. The purchase has been approved by the RHM board of directors and the transaction is expected to be completed on or before Aug. 17.
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BUSINESS
April 27, 1989
The Federal Communications Commission granted media magnate Rupert Murdoch's request to transfer his Boston television station to a trust to comply with cross-ownership rules . . . U.S. Shoe Corp. said a $422.5-million deal to sell its footwear division to an investment group headed by Merrill Lynch Capital Partners Inc. has fallen through. The company said Merrill Lynch advised it that certain conditions of the agreement have not been met and that it did not intend to buy the unit on originally specified terms . . . NCNB Corp.
BUSINESS
April 25, 1989 | From Reuters
Britain's Ranks Hovis McDougall PLC stunned the Australian stock market Monday with a bid valued at $2.4 billion for Australia and New Zealand's largest food group, Goodman Fielder Wattie Ltd. If anything, the market had expected the opposite--that GFW would eventually revive a hostile $2.9-billion takeover bid for Ranks Hovis that lapsed last August after being referred to the Monopolies Commission. Ranks Hovis neatly turned the tables on its former suitor, which is also a leading flour miller, baker and food manufacturer, with a surprise market raid Monday morning.
BUSINESS
October 7, 1992 | MICHAEL FLAGG, TIMES STAFF WRITER
Weber Aircraft Inc., a maker of seats, galleys and lavatories for aircraft, has been sold by its British owner for $85 million in cash. The buyer is Air Cruisers Co. of Belmar, N.J., which makes aircraft escape chutes, life vests and inflatable boats and is part of Groupe Zodiac, a French manufacturer. Makers of airplane parts have been hurt by the recession because airlines are buying fewer planes.
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