SABMiller brings takeover bid for Foster’s directly to shareholders
NEW YORK — Looking to expand its business, one of the world’s largest brewers is looking to take over Australian beer company Foster’s Group.
SABMiller said it has extended its takeover bid to Foster’s shareholders through its wholly owned subsidiary, SABMiller Beverage Investments, after the bid was rejected by Foster’s board back in June. At the time, Foster’s board said that the bid, valued at A$4.90 ($5.18) per share in cash — or $10 billion — "significantly undervalues the company in the context of a change of control and, as such, it does not intend to take any further action in relation to it."
Foster’s will report its full-year results next Tuesday.
Chia’s portfolio now touts new omega-3 seeds
SAN FRANCISCO — Joseph Enterprises’ Chia brand has expanded its portfolio beyond its Chia Pet products.
The company said that new Ch-Ch-Ch-Chia omega-3 Chia seeds contain essential fatty acids, fiber, calcium, antioxidants, iron and other nutrients. The seeds are available in a 1-lb. jar or in a 1,000-mg softgel form.
Ch-Ch-Ch-Chia omega-3 Chia seeds now is available at Walgreens, CVS and Supervalu.
Sara Lee introduces Iron Kids white bread, thin-style buns
DOWNERS GROVE, Ill. — Sara Lee has introduced two new breads that offer kids enhanced nutrition, just in time for the back-to-school season.
New Sara Lee Iron Kids white bread touts as much fiber as two slices of 100% whole wheat bread, in addition to added vitamin D, while Sara Lee thin style buns come in four varieties — 100% whole wheat, 100% multi-grain, honey wheat and white made with whole grain — and are a good source of whole grain, fiber and don’t contain high-fructose corn syrup.
"Our core audience moms with young children is looking for better-for-you options that her children will be happy to eat," Sara Lee North American Fresh Bakery director Jeff Dryfhout. "Sara Lee Iron Kids white bread and Sara Lee thin style buns are products she knows won’t be traded this school year."
Sara Lee Iron Kids white bread carries a suggested retail price range from $2.29 to $4.19. Sara Lee thin style buns carries an SRP range from $2.99 to $3.89.