Investors Group to acquire firm

Article Abstract:

London Life Insurance Co. will sell its mutual fund division to Investors Group Inc., which is 67.4% owned by Power Corp. of Montreal in Quebec, Canada. Although the acquisition will proceed with the exchange of an undisclosed amount of cash, it is expected to provide an additional C$750 million in assets under Investors' corporate umbrella, and consequently expand its sales workforce by 100%. Upon securing regulatory approval for the deal, Investors Group will get the fud unit of London Life, and operate the business under a new subsidiary called Maxxum Fund Management Inc.

Comment:

Will acquire the mutual fund division of London Life Insurance Co

United Kingdom, Canada, Asset sales & divestitures, Other Financial Vehicles, Mutual Funds (Closed End), Closed end mutual funds, London Life Insurance Co., Article, Investors Group Inc

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Nestle to purchase Gerber for $5-billion

Article Abstract:

Nestle SA, Switzerland-based world's largest food maker, acquires Gerber Products Co. from Novartis AG for $5 billion. The acquisition will provide new opportunities for Nestle in American food market.

Canned specialties, United States, Switzerland, Nestle S.A., Baby foods industry, Gerber Products Co.

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Ocean Choice in running to acquire assets of FPI

Article Abstract:

Ocean Choice International is bidding vigorously for acquiring assets St. Johns based of FPI Ltd. Complete details of these bids are discussed.

Misc. Food and Kindred Products, Seafood industry, FPI Ltd., Ocean Choice International Inc.

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