Australian ingredients and food group Burns Philp cashes in on
value creation to fund future investments, spinning off its baking,
spreads and oils divisions into a separate firm.
Despite a warning in April that raw materials and currency would
have an impact on second half earnings, the UK ingredients firm
Associated British Foods, which in July laid down €1 billion for
leading yeast supplier Burns Philp,...
The Burns Philp - Goodman Fielder saga continues with the news
today that the Australian Competition & Consumer Commission has
cleared the hostile bid from Australian ingredients company for
Australia's largest food company.
The Burns Philp hostile bid for Australia's biggest food company
appears to be far from over with the ingredients and yeast company
yesterday referring its bid to the Australian Takeovers Panel - the
principal forum for resolving...