TreeHouse Foods Goes Private: Key Details on the $2.9 Billion Acquisition
TreeHouse Foods is acquired by Investindustrial for $2.9B. Shareholders receive $22.50 cash per share and a CVR linked to antitrust litigation proceeds.
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Beyond Meat Delays Q3 Earnings Report Due to Accounting Weaknesses
Beyond Meat postpones Q3 earnings to Nov. 12 citing "material weakness" in internal controls and uncertainty over asset impairment charges. No changes to past financials expected.
Monster Beverage’s Ultra Line Powers Strong Q3 Growth
Monster Beverage’s sugar-free Ultra line drives a 17% sales jump and record $2.2 billion in Q3 revenue, with global expansion and new products fueling growth.
Celsius Holdings Shares Drop 24% Amid Alani Nu Distribution Shift
Celsius Holdings shares plunged as sales may be disrupted by shifting its Alani Nu brand to PepsiCo’s distribution network.
Perrigo Rethinks Its Baby Formula Business
Perrigo reviews its store-brand baby formula business due to quality issues. It is shifting focus to higher-profit health brands instead.
Beyond Meat Delays Earnings to Handle Major Asset Write-Down
Plant-based meat maker Beyond Meat (BYND) delayed its Q3 earnings release to calculate a massive asset write-down.