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Kellogg and Abraaj table fresh bids for Bisco Misr

2014-12-18 13:33:39| Agriculture - Topix.net

Kellogg and Abraaj Investment Management have tabled new offers for Egyptian snack firm Bisco Misr, with the US group again outbidding the private-equity firm. The cereal giant has reportedly improved its offer for Bisco Misr to EGP86.36 a share, up from its previous EGP82.2-a-share bid.

Tags: table fresh bids kellogg

 

New memoir shares details of lobbying for Kellogg

2014-12-16 17:52:35| Agriculture - Topix.net

Lobbyists aren't the most well liked people, but George Franklin, attorney and former lobbyist who became the Vice President of World Wide Government Relations for the Kellogg Company, would like to change your perception of them. Franklin is currently the head of Franklin Public Affairs in Kalamazoo and recently wrote a memoir about his time in Washington entitled "Raisin Bran and Other Cereals: 30 Years of Lobbying for the Most Famous Tiger in the World."

Tags: details shares lobbying memoir

 
 

Kellogg Making Right Moves As Tough Conditions Will Challenge Near-Term Performance

2014-12-08 14:19:02| Agriculture - Topix.net

Kellogg Company's business fundamentals have been challenged because of sluggish cereal category growth; the company's U.S. cereal business, which contributes almost 40%-45% to its total revenues, has been delivering weak results in recent quarters because of the soft category growth. The sluggish cereal category growth comes as a result of competitive pressures and a higher acceptance rate of alternative categories like eggs, yogurt, protein and peanut butter.

Tags: conditions making performance challenge

 

Kellogg Making Right Moves As Tough Conditions Will Challenge Near-Term Performance

2014-12-08 14:05:03| Food - Topix.net

Kellogg Company's business fundamentals have been challenged because of sluggish cereal category growth; the company's U.S. cereal business, which contributes almost 40%-45% to its total revenues, has been delivering weak results in recent quarters because of the soft category growth. The sluggish cereal category growth comes as a result of competitive pressures and a higher acceptance rate of alternative categories like eggs, yogurt, protein and peanut butter.

Tags: conditions making performance challenge

 

Kellogg raises stakes in bidding war over Egypt's Bisco Misr

2014-11-30 15:12:41| Agriculture - Topix.net

Kellogg Co raised its bid on Sunday for Egyptian cake and biscuit maker Bisco Misr, intensifying a bidding war with the UAE's Abraaj Investment Management that has pushed up the offer price by more than 12 percent. The world's biggest breakfast cereal maker upped its bid to 82.2 Egyptian pounds per share on Sunday, trumping Abraaj's previous offer of 80.58 pounds .

Tags: war bidding raises stakes

 

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