The Federal Court of Australia has ordered H.J. Heinz Company Australia Ltd (Heinz) to pay an AU$2.25m (US$1.65m) penalty for misleading health claim that its Little Kids Shredz products were beneficial to the health of young children.
GrainCorp’s board of directors has recommended that its shareholders accept the A$3.4bn (US$3.16bn) takeover bid from Archer Daniel Midland in the absence of a superior offer.
Amcor announced today that it has reached an agreement with Jarra Creek to resolve allegations that it took part in a packaging price fixing cartel, worth hundreds of millions of dollars.
The Australian competition watchdog accuses biscuit, bread and
cake-maker George Weston Foods, and one of its former senior
executives, of fixing the price of flour.