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Retail

Following price increase, Sealed Air declares dividend

The company announced on Tuesday a North American price increase between 4 and 9 percent for most of its food and product care items, according to an earlier release. The company blamed the increase on rises in prices charged by petrochemical suppliers in the North American market, which provide the company with the raw materials ...

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Heartland Payments invests $20M in next-generation commerce company

David Gilbert, president of Heartland’s hospitality group, said the company believes Leaf’s technology is fast adapting to the array of mobile devices through which consumers are increasingly doing business. “We’re at a tipping point in terms of convergence of technologies,” Gilbert said. “People are carrying around sophisticated devices in their pockets with amazing capabilities to ...

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Burlington Stores Inc. closes 260M IPO

The offering pricing was first announced last week. According to the announcement, the Company’s common stock began trading on the New York Stock Exchange under the symbol BURL on October 2, 2013. J.P. Morgan, Morgan Stanley, BofA Merrill Lynch, Goldman, Sachs & Co., and Wells Fargo Securities acted as joint book-running managers for the offering. ...

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BG Foods acquires Rickland Orchards for 57.5M

According to the announcement, the acquisition of Rickland Orchards, whose products include Greek yogurt coated granola bars and bites, is the fourth acquisition by B&G Foods since October 2012. Jason Cohen, the founder and chief executive officer of Rickland Orchards, is joining B&G Foods as executive vice president of club channel. In this capacity, Mr. ...

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Comic Con connection is serious business for startup

With that, Hazarai For All Fankind was born. Griggis, the CEO and a self-confessed geek, believes the culture — defined by avid interest in comic books, action figures and video games — lacks a centralized online destination where users can buy and sell merchandise, or simply share common passions. Griggs said comic book conventions are ...

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Maidenform shareholders approve 575M purchase by Hanes

Stockholders voted at a special meeting today to allow the proposed merger to proceed, in which Hanes will acquire all outstanding shares of Maidenform common stock for $23.50 per share in cash.According to the announcement, an overwhelming majority of votes cast favored the transaction. Votes were tallied from shareholders of the company’s common stocks as ...

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Pinnacle closes 575M Wish-Bone acquisition from Unilever

According to the announcement, the acquisition was funded through a combination of cash on hand and new debt. The new debt consists of a $525 million term loan, due 2020. In making the announcement, Pinnacle reaffirmed its outlook for Wish-Bone to be $0.01-$0.02 accretive to EPS in the fourth quarter of fiscal 2013. In addition, ...

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Burlington Stores Inc. prices IPO at up to 260M

This pricing values the company at as much as $260 million. The company expects to receive approximately $205 million from the offering, and intends to use the net proceeds, along with cash on hand, to primarily redeem outstanding indebtedness, Burlington said in a statement. According to the announcement, the shares will be listed on the ...

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