Tag Archives: transaction

California Olive Ranch Acquires Lucini Italia Olive Oil

California Olive Ranch, the largest producer of extra virgin olive oil in the United States announces its acquisition of Lucini Italia, a leading producer and importer of premium Italian extra virgin olive oils. In the equity transaction seller Molinos USA retains a significant minority share in the combined company.  California Olive Ranch and Lucini Italia will continue to operate under their own labels. The company will maintain its headquarters in Chico, California.

 

California Olive Ranch CEO Gregg Kelley says:

Lucini shares our standards of quality and authenticity and will continue California Olive Ranch’s mission to bring genuine and delicious extra virgin olive oil to the American consumer. We see strong growth in the premium segment in coming years and we think these two brands are best positioned to prosper as consumers trade up to better quality.

Like wine, olive oils vary according to soil, climate and olive varietal.  Our merger with Lucini will allow us to offer the American olive oil consumer a wider variety of trustworthy oil.  This transaction also allows us to enter the sauce, vinaigrette, and vinegar categories with Lucini’s portfolio of quality products.

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Sprint Wants States to Review AT&T’s Proposed $39 Billion T-Mobile Deal

http://www.advancedmarkettiming.com/

AT&T vs Sprint

As reported by Bloomberg’s Todd Shields and Greg Bensinger:

Sprint Nextel Corp. (S) said it wants state agencies in California and West Virginia to follow Louisiana in scrutinizing AT&T Inc. (T)’s proposed purchase of T- Mobile USA Inc.

Third-largest U.S. wireless carrier Sprint filed a request with the California Public Utilities Commission yesterday requesting an investigation into the $39 billion transaction, the company said in an e-mail.

“This transaction is bad for consumers and bad for the economy, and we look forward to having some regulatory sunshine cast upon it,” John Taylor, a spokesman for Overland Park, Kansas-based Sprint, said in an interview. California and West Virginia should open reviews, as Louisiana has, he said.

On May 17, the Louisiana Public Service Commission voted 4- 1 to open an inquiry, Commissioner Foster Campbell said in a phone interview yesterday.

“It’s too big a deal to let it go through without getting everybody’s questions answered, and making sure this is a good deal for the consumer,” said Campbell, a Democrat.

The deal needs approval from two U.S. agencies, the Justice Department and the Federal Communications Commission.

States can keep companies from transferring assets within their borders, a possibility that can lead to concessions by companies, Rebecca Arbogast, a Washington-based analyst with Stifel Nicolaus & Co., said in an e-mail. States haven’t blocked past deals, she said.

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