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  • Post cereal parent company moves to expand brands portfolio

    ST. LOUIS — Cereal maker Post Holdings has signed a definitive agreement to acquire Premier Nutrition, makers of the Joint Juice brand.

    PNC is a rapidly growing marketer and distributor of premium protein beverages and foods under its Premier Protein brand and nutritional supplements under its Joint Juice brand.

  • Alco acquisition spurs investigations

    ABILENE, Texas — Law firms Brodsky & Smith LLC and Levi & Korsinsky are investigating potential claims against the board of directors of Alco Stores Inc., in relation to a merger agreement between Argonne Capital Group, LLC and Alco. Under the terms of the transaction, announced July 25, Alco shareholders will receive $14 in cash for each share of Alco stock they own.

  • Alco acquired by private equity firm

    ABILENE, Kan. — Argonne Capital Group LLC, a private investment firm based in Atlanta, Ga., has entered into a definitive merger agreement with Alco Stores, which will allow Argonne to acquire all outstanding shares of the broad-line retailer’s common stock for $14 per share in cash. 

  • Ocean Spray appoints global CMO

    LAKEVILLE-MIDDLEBORO, Mass. — Ocean Spray Cranberries has appointed Thano Chaltas to the newly created role of global CMO. He will report directly to Ken Romanzi, SVP and COO of Ocean Spray Brands.

    Chaltas will be responsible for global brand development, and a part of the grower-owned cooperative’s leadership team. 

  • Kohl’s donates $1.7 million to support fight against cancer

    MENOMONEE FALLS, Wis. — Kohl’s is continuing its partnerships with the American Cancer Society and the Southeast Wisconsin affiliate of Susan G. Komen. To that end, the retailer and its philanthropic platform, Kohl’s Cares, have donated $1.7 million to support and expand education and patient-assistance programs.

  • Men's Wearhouse expands brand porfolio

    FREMONT, Calif. — Men's Wearhouse has signed a definitive agreement to acquire JA Holding, the parent company of American clothing brand Joseph Abboud, for approximately $97.5 million in cash, subject to certain adjustments. 

    JA Holding is currently majority-owned by funds affiliated with J.W. Childs Associates, L.P. The transaction is expected to close in the third quarter of 2013.

  • Newell Rubbermaid completes sale of Teach platform

    ATLANTA — Newell Rubbermaid has announced the sale of its Teach platform, including the Mimio and Headsprout interactive teaching technology brands, to Skyview Capital, LLC, a Beverly Hills, Calif., private equity firm.

    Terms were not disclosed. The transaction has closed with the signing of the agreement.

  • Kroger purchases Harris Teeter for $2.5 billion

    Cincinnati -- The Kroger Co. has reached an agreement to purchase all outstanding shares of Harris Teeter Supermarkets for $49.38 per share in cash, or about $2.5 billion. Kroger will finance the transaction with debt and also assume about $100 million of debt from Harris Teeter.

    Harris Teeter operates 212 stores in North Carolina, Virginia, South Carolina, Maryland, Tennessee, Delaware, Florida, Georgia and the District of Columbia primarily in the Carolinas. The company had revenues of approximately $4.5 billion for fiscal year 2012.

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