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Kellogg Co

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  • CAIRO, Dec 24- Kellogg Co, the world's largest maker of breakfast cereals, raised its bid for Egyptian snack maker Bisco Misr on Wednesday, topping a rival offer from UAE's Abraaj in an intensifying $144 million takeover battle. Kellogg's latest bid, for 89.86 Egyptian pounds per share, came on the heels of an offer earlier in the day by Abraaj Asset Management for...

  • CAIRO, Dec 24- Kellogg Co. has raised its bid for Egypt's Bisco Misr to 89.86 Egyptian pounds per share, topping a rival offer by the UAE's Abraaj, the head of Egypt's financial regulator said on Wednesday. Sherif Samy told Reuters by phone the bidding period would be extended by five days with each new offer, until sixty days after the first offer, when sealed bids...

  • CAIRO, Dec 24- UAE's Abraaj Investment Management is seeking regulatory approval to raise its bid for Egypt's Bisco Misr to 88.09 Egyptian pounds a share, aiming to top a rival bid by Kellogg Co. as the deadline for the takeover of the snackmaker loomed. Abraaj said in a statement on Wednesday it had submitted a request valuing Bisco Misr at 1.013 billion pounds to...

  • UPDATE 2-Kellogg and Abraaj battle for Egypt's Bisco Misr Wednesday, 26 Nov 2014 | 9:38 AM ET

    CAIRO, Nov 26- The battle for control of Egyptian cake and biscuit maker Bisco Misr intensified on Wednesday as Abraaj Investment Management raised its initial bid to trump a rival offer from Kellogg Co.. UAE- based Abraaj, the Middle East's largest private equity firm, raised its offer to 80.58 Egyptian pounds per share, exactly two percent above a bid of 79 pounds...

  • Abraaj raises Bisco Misr offer to 80.58 EGP per share Wednesday, 26 Nov 2014 | 7:45 AM ET

    CAIRO, Nov 26- UAE's Abraaj Investment Management said on Wednesday it would raise its price for Egyptian cake and biscuit maker Bisco Misr to 80.58 Egyptian pounds per share following a counter bid by Kellogg Co.. Abraaj's initial offer of 73 pounds per share earlier this month was topped earlier on Wednesday by Kellogg's offer of 79 pounds.

  • UPDATE 1-Kellogg tops Abraaj offer for Egypt's Bisco Misr Wednesday, 26 Nov 2014 | 3:58 AM ET

    CAIRO, Nov 26- Kellogg Co, the world's biggest breakfast cereal maker, has offered 908.5 million Egyptian pounds for Egyptian cake and biscuit maker Bisco Misr, setting up a likely bidding war with a UAE investment company. UAE- based Abraaj Investment Management offered 850 million pounds this month for the Egyptian firm, which earlier refused a takeover bid...

  • Nov 17- Starbucks Corp said on Monday it has been wrongly accused in online petitions of supporting a Grocery Manufacturers Association lawsuit to block Vermont's GMO labeling law. Petitions posted to websites such as Sumofus.org and Care2.com accused Starbucks of teaming with fellow GMA member Monsanto Co to kill GMO labeling in Vermont, which in May...

  • ISTANBUL, Nov 3- Turkey's largest food group Yildiz Holding has bought UK- based cookies and snacks maker United Biscuits, in a deal it said made it the world's third-biggest biscuit maker and would help it expand into new markets. "We want to grow United Biscuits to be a global player as part of Yildiz," said Murat Ulker, chairman of Yildiz Holding.

  • Oct 30- Kellogg Co posted its sixth straight quarter of weaker net sales in its U.S. cereal business as demand for products such as Corn Flakes and Rice Krispies wane in its biggest market. The company also said sales in its U.S. snack business dropped by the most in seven quarters, highlighting how processed food makers such as Kellogg, ConAgra Foods Inc and General...

  • Stock futures fall after data, Fed's more hawkish note Thursday, 30 Oct 2014 | 8:51 AM ET

    U.S. stock index futures traded lower on Thursday, after the Federal Reserve announced the end of quantitative easing.

  • Oct 30- Kellogg Co, the world's largest maker of breakfast cereal, reported a 2.1 percent drop in quarterly net sales as demand for its Corn Flakes and Special K wane in the United States, its biggest market. Net income attributable to Kellogg fell to $224 million, or 62 cents per share in the third quarter ended Sept. 27, from $326 million, or 90 cents per share, a year...

  • Q4 GDP could see more consumer lift than Q3 Thursday, 30 Oct 2014 | 6:15 AM ET
    A shopper looks at Michael Kors handbags at Macy's flagship store in New York.

    Consumers seem to have held back on spending in the third quarter from second quarter levels, but they could snap back in the fourth quarter.

  • The consumer could come back in a big way Wednesday, 29 Oct 2014 | 6:33 PM ET
    A shopper looks at Michael Kors handbags at Macy's flagship store in New York.

    Consumers seem to have held back on spending in the third quarter from second quarter levels, but they could snap back in the fourth quarter.

  • Trading could get scary next week as Fed day looms Friday, 24 Oct 2014 | 6:48 PM ET
    A trader works on the floor of the New York Stock Exchange, Oct. 24, 2014.

    The Fed is expected to end its quantitative easing program—the much-anticipated action that's been at the very heart of the market's fears.

  • Oct 17- Opponents of GMO food labeling proposals on the ballot next month in Oregon and Colorado have contributed roughly $20 million for campaigning against the proposed laws, nearly triple the money raised by supporters of the initiatives, campaign finance reports show. Voters in Colorado and Oregon weigh in on the issue in mid-term election voting on Nov. 6.

  • Cramer: Activists are picking on the wrong chiefs Thursday, 9 Oct 2014 | 6:25 PM ET
    Jim Cramer on Mad Money.

    Jim Cramer takes on activist calls to CEOs strong performing companies, and suggests they realign their attention

  • Cramer selloff plan: Surviving as stocks tumble Wednesday, 1 Oct 2014 | 6:08 PM ET

    The next leg of this market isn’t going to be easy. Cramer, however, has a plan.

  • UN climate change summit: Politics are 'toxic' Friday, 26 Sep 2014 | 9:39 AM ET
    Actor Leonardo DiCaprio, center, walks down 6th Avenue during the People's Climate March on September 21, 2014, in New York.

    Another UN climate change summit has experts wondering if anything will get done and if the right measures to stop greenhouse emissions are in place.

  • Midday movers: DuPont, Kellogg, Lennar, Nike & more Wednesday, 17 Sep 2014 | 12:53 PM ET

    Some of Wednesday's midday movers:

  • Rebranding Kellogg's image: CEO  Tuesday, 9 Sep 2014 | 7:33 AM ET

    Kellogg Chairman, president & CEO John Bryant, discusses how Kellogg plans to bring consumers back to the breakfast table.