Zevia Faces Pressure from Activist Investor to Sell Zevia, a popular better-for-you soda brand, is currently under pressure from activist investor Kanen Wealth Management to explore strategic alternatives, including a potential sale. Kanen, which owns about 4% of Zevia’s outstanding…
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sale
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Key Points: Ardagh Metal Packaging, a subsidiary of Ardagh Group, is considering a potential sale as disclosed by Ardagh Holdings. The sale could involve the transfer of equity interests in Ardagh Metal Packaging to a third-party buyer. Specialty cans, particularly…
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Dive Brief: Since taking over Hain two years ago, Davidson has focused on stabilizing the struggling parts of the company’s portfolio to prepare them for growth or a potential sale. Dive Insight: It’s not surprising to see Hain exploring options…
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Latest Update on Lifeway Foods Acquisition Proposal: The board of Lifeway Foods has responded to Danone’s acquisition proposal of $27 per share, stating that it believes the offer “substantially undervalues” the company. However, Lifeway is open to a potential sale…
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PepsiCo Spin-Off Tropicana Poised for Growth Just three years after PepsiCo sold Tropicana and a portfolio of other smaller brands, a top executive said the spin-off is poised to accelerate growth for its drinks through innovation and expansion into new…