Latest news with #globalreach
Yahoo
11-07-2025
- Business
- Yahoo
Italy's Ferrero to buy WK Kellogg in $3.1 billion deal
The Ferrero Group said Thursday it will buy WK Kellogg Co. in a deal valued $3.1 billion, expanding the Italian food giant's global reach. Kellogg, which was founded in Battle Creek, Michigan, in 1906, is known for brands including Corn Flakes, Froot Loops, Rice Krispies and Special K. Ferrero's brands include Nutella and Rocher chocolates. The deal will include manufacturing, marketing and distribution oKellogg's portfolio of cereal brands in the U.S., Canada and the Caribbean, the cereal maker said. Ferrero will pay $23 for each WK Kellogg share. Kellogg's stock surged more than 35% to to $22.86 in early trade. In 2023, Kellogg spun of snack brands like Cheez-Its and Pringles into a separate company called Kellanova. M&M's maker Mars announced last year that it planned to buy Kellanova in a deal worth nearly $30 billion. Brad Haller, a senior partner at consulting firm West Monroe, said in an email that the acquisition signals consolidation in the food and beverage sector, "as global players seek scale and category breadth to navigate shifting consumer preferences and heightened competition." The deal comes as Ferrero, which was launched Italy in 1946, seeks to broaden its reach in the U.S. and other international markets. In 2018, the company bought Nestle's U.S. candy brands, which include Butterfinger, Nerds and SweeTarts. Four years later, it acquired Wells Enterprises, which is behind ice cream brands Blue Bunny and Halo Top. The $3.1 billion deal will also provide some financial breathing room to Kellogg. "Joining Ferrero will provide WK Kellogg Co. with greater resources and more flexibility to grow our iconic brands in this competitive and dynamic market," CEO Gary Pilnick said in a statement. Kellogg on Tuesday reported $663 million in net sales in its first-quarter earnings, a 6.2% decrease from a year ago. In its earnings statement, the company mentioned that it is ramping up its focus on health and nutrition in response to consumer preferences. The acquisition is expected to close in the second half of this year, according to Kellogg. After the transaction is completed, the company's shares will no longer trade on the New York Stock Exchange, Kellogg said. Social media content creator shows his hustle Udemy Is Powering Enterprise AI Transformation Through Skills Elon Musk unveils Grok 4 update after chatbot made antisemitic remarks Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
08-07-2025
- Business
- Yahoo
Epiq Bolsters its Leadership of Class Action Administration in the UK and Europe with the Acquisition of Case Pilots
Strengthening global reach with seamless class action administration across jurisdictions Nicole Hamann, President of Class Action, Remediation, and Mass Tort at Epiq NEW YORK, July 08, 2025 (GLOBE NEWSWIRE) -- Epiq announced today that it has acquired Case Pilots, one of the UK's leading claims administration companies. Epiq is the world's leading class actions and claims administrator and the largest in North America. The firm's stellar reputation is evidenced through the successful management and distribution of some of the largest settlements in history. With over 30 years' experience, clients rely on the deep bench of Epiq experts for guidance in driving cases forward and helping to deliver positive outcomes in the highest-profile and most-complex collective actions in the world. Epiq has been supporting Class Representatives and law firms bringing collective actions in the UK since the Consumer Rights Act was passed in 2015. In addition to building on the expertise and technology solutions delivered to clients, this acquisition expands Epiq's offering in the market to include the administration of group litigation, reinforcing its position as a global leader in the space. Case Pilots employees have joined Epiq, including Co-founder and CEO Clare Ducksbury, who will now serve as Senior Vice President, Epiq Class Action Solutions Europe, and Co-founder and Chief Information Officer Clinton Smith, who will join Epiq's product development team in a leadership role. The Case Pilots team has a solid track record of providing strategic consulting advice to law firms tackling the challenges posed by collective actions in the UK and Continental Europe. Nicole Hamann, President of the Class Action, Remediation, and Mass Tort business at Epiq, said, 'The acquisition of Case Pilots marks a significant milestone and reinforces and expands the ability of Epiq to deliver claims management services to clients across the globe by strengthening our foothold in the UK and Europe. The excellent reputations of Clare, Clinton, and the Case Pilots team in the UK market is well-earned and we look forward to what we will accomplish together for our clients.' Commenting on the acquisition, Clare Ducksbury said, 'We are delighted to be joining forces with Epiq, who is the global leader in this space, and we look forward to expanding the breadth of technology solutions and expertise that we can offer to our much-valued clients. Our team has a strong track record of supporting group and collective actions in the UK and Europe, and we are all very excited about what's ahead.' Epiq Class Action and Claims Solutions operates globally including in the US, UK, Canada, Australia and Europe. Epiq has been ranked first among claims administrators by Institutional Shareholder Services Securities Class Action Services for the last seven years, having administered most of the largest US class actions settlements exceeding a total of $35 billion in value. Leveraging advanced technology and rigorous data security protocols, Epiq works with the Courts, settling parties and class members to efficiently and securely manage and distribute class action and mass tort settlements. About EpiqEpiq, a technology and services leader, takes on large-scale and complex tasks for corporate legal departments, law firms, and business professionals by integrating people, process, technology, and data. Clients rely on Epiq to streamline legal and compliance, settlement, and business administration workflows to drive efficiency, minimize risk, and improve cost savings. With a presence in 19 countries, our values define who we are and how we partner with clients and communities. Learn how Epiq and its 6,100 people worldwide create meaningful change at Press ContactCarrie TrentEpiq, Senior Director of Communications and Public A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
25-06-2025
- Business
- Bloomberg
AIIB's Outgoing President Stresses Openness to Global Partners
The Asian Infrastructure Investment Bank remains open to all countries, including the US and Japan, the lender's outgoing president said, as the Beijing-based institution looks to emphasize its growing global reach. 'For whatever reason you choose not to join, it's not a problem — we can work together,' Jin Liqun, who is stepping down in January after nearly a decade at the helm, said in a Bloomberg TV interview Tuesday. He added that the bank works closely with US and Japanese financial institutions.
Associated Press
02-06-2025
- Business
- Associated Press
Herbert Smith Freehills Kramer Officially Launches
NEW YORK--(BUSINESS WIRE)--Jun 2, 2025-- Herbert Smith Freehills Kramer is delighted to announce the successful completion of the combination between Herbert Smith Freehills and Kramer Levin on June 1, 2025. This transformative combination creates an integrated global legal powerhouse of some 2,700 lawyers, including around 630 partners, across 26 offices. With over US$2 billion in revenues, positioning it among the world's top law firms, HSF Kramer has established a robust global platform for future investment and expansion. Rebecca Maslen-Stannage, Chair and Senior Partner of Herbert Smith Freehills Kramer, commented: 'Today we embark on an exciting new chapter. Herbert Smith Freehills Kramer unites two firms with complementary strengths, shared values, and a bold vision for the future. We are delighted by the overwhelmingly positive feedback from our clients and our people. Together, we will focus on our strategic vision and build on this fantastic platform.' HSF Kramer's extensive footprint and global reach offer immediate synergies in areas such as private equity, bankruptcy, disputes, real estate, and securitization, providing clients with unparalleled support on complex transactions and high-stakes disputes. Justin D'Agostino, Global CEO of Herbert Smith Freehills Kramer, commented: 'In today's fast-evolving and uncertain macroeconomic landscape, clients need a truly global law firm with deep local insight across all their key markets. Herbert Smith Freehills Kramer is uniquely positioned to deliver exceptional outcomes in an increasingly complex and interconnected world.' The firm will have a strong focus on growth and investments, particularly in all these key practice areas as well as a broader transactional offering, on enhancing its New York presence, and on building its regulatory and technology practices centered around its Washington DC and Silicon Valley offices. Paul Schoeman and Howard Spilko, Co-Managing Partners of Kramer Levin prior to the combination commented: 'We look forward to the strategic investments we will be making as a result of the combination to grow our destination practices in the U.S. and enhance the service we provide to clients here and throughout the world.' Paul Schoeman will serve as the Executive Partner of the U.S. region, and Howard Spilko will serve as Global Head of Private Equity and Chair of Corporate, US, as well as serve on the Global Council for HSF Kramer. Justin D'Agostino leads the firm's Global Executive and is joined by Executive Partners Kristin Stammer (Asia & Australia), Jeremy Walden (UK & EMEA), Paul Schoeman (US), Alison Brown (US Growth & Strategic Integration) and Anna Sutherland (Practices). About Herbert Smith Freehills Kramer Herbert Smith Freehills Kramer (HSF Kramer) was formed in June 2025 through the transformational combination of Herbert Smith Freehills and Kramer Levin, creating a world-leading global law firm. With over 6,000 people including c.2,700 lawyers and spanning 26 offices, HSF Kramer provides comprehensive legal services across every major region of the world. Uniquely positioned to help clients achieve ambitious objectives, HSF Kramer delivers exceptional results in complex transactions and high-stakes disputes. For more information visit LinkedIn: View source version on CONTACT: Media contact:Jennifer Manton Tel: +1 212 715 7612 Email:[email protected] Pochna Tel: +1 212 843 8007 Email:[email protected] KEYWORD: NEW YORK UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: CONSULTING PROFESSIONAL SERVICES LEGAL SOURCE: Herbert Smith Freehills Kramer Copyright Business Wire 2025. PUB: 06/02/2025 10:46 AM/DISC: 06/02/2025 10:45 AM
Bloomberg
01-06-2025
- Business
- Bloomberg
IndiGo Ties Up With Delta, Air France-KLM, Virgin in Global Push
By and Mihir Mishra Save InterGlobe Aviation, which operates IndiGo, announced a codesharing pact with Delta Air Lines Inc., Air France-KLM and Virgin Atlantic Airways Ltd. as the India market leader doubles down on expanding its global reach. The memorandum of understanding, which still needs regulatory approvals, will boost connectivity between India, North America and Europe, the airlines said in a statement Sunday. Hours later, IndiGo said it was going to buy 30 more Airbus 350 jets.
