Numico's shares flex their muscles, defy skeptics (Royal Numico N.V.)

Article Abstract:

Netherlands-based baby food and vitamin supplements maker Royal Numico N.V., has reported 47% increase in its stock price for the year.

Market information - general, Vitamin, Nutrient & Hematinic Preps, Pharmaceutical Preparation Manufacturing, Pharmaceutical preparations, Securities prices, Canned specialties, Dietary supplements industry, Royal Numico N.V.

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Numico NV

Article Abstract:

Numico N.V. announced that it will shut down seven baby nutrition plants in Europe. The plant closures will lead to the elimination of 525 jobs, as well as to a restructuring charge of 88 million euros.

Strategy & planning, Financial management, Facilities & equipment, Personnel administration, Planning, Human resource management, Buildings and facilities, Company personnel management, Layoffs, Company business planning, Company financing, Layoff

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Numico converts early skeptics ahead of anticipated offering

Article Abstract:

Numico NV is attracting investors who were skeptical early on to its plan to form one of the largest nutrition firms in the world. Numico, a baby and nutritional food manufacturing firm based in Holland, is launching a 1.05 billion euros share and convertible-bond offering. Numico will use the funds to help in the financing of its acquisition of General Nutrition Co. The deal is valued at $2.5 billion (2.4 billion euros).

Comment:

Attracting skeptical investors to its plan to form one of the largest nutrition firms in the world

Securities issued, listed, Abstract, Securities

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