Mexican food firm Herdez to pay $245 million for Nutrisa
MEXICO CITY (Reuters) - Mexican processed foods company Grupo Herdez said Friday it would pay 2.98 billion pesos ($245 million) to buy Nutrisa, a frozen yogurt and food supplement chain.
Grupo Herdez (HERDEZ.MX) said it would pay 91 pesos a share for 100 percent of Nutrisa, which reported sales of 1.14 billion pesos ($93.70 million) during the whole of last year.
Herdez had already said it would purchase 67 percent of Nutrisa NUTRISA.MX for 91 pesos a share and that it would make an offer for the remaining third of the company.
(Reporting by Dave Graham; Editing by Gerald E. McCormick)
NEW YORK - U.S. stocks finished mostly higher on Friday, with the S&P 500 closing at a record after more jobs than expected were created in February and January's figure was revised higher. | Video
- U.S. small businesses borrowed more money in January than they did a year earlier, signaling continued growth in the economy despite a spate of cold weather that has been blamed for weakness in many other indicators of activity.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.