International Business News - Basic Materials http://www.ibtimes.com/rss/feed/basicmaterials.rss All articles are copyrighted by IBTimes.com 120 30 http://www.ibtimes.com/rss/feed/basicmaterials.rss http://www.ibtimes.com/images/top_logo_ibt2_3.gif Canadian fertilizer maker Agrium Inc said on Monday it would persist in its hostile bid for U.S. rival CF Industries Holdings, a move that could prolong the already drawn-out three-way merger battle in the sector. http://www.ibtimes.com/articles/20091123/agrium-continue-pursuit-cf-industries.htm http://www.ibtimes.com/data/articleimgs/224566-agrium-to-continue-pursuit-of-cf-industries.jpg http://www.ibtimes.com/articles/20091123/agrium-continue-pursuit-cf-industries.htm http://www.ibtimes.com/articles/20091123/agrium-continue-pursuit-cf-industries.htm Mon, 23 Nov 2009 10:35:26 EST Gourmet coffee chain Peet's Coffee & Tea Inc increased its cash-and-stock offer to acquire Diedrich Coffee Inc by $53 million to ward off competition from rival Green Mountain Coffee Roaster Inc. http://www.ibtimes.com/articles/20091123/peets-ups-bid-diedrich-ward-off-green-mountain.htm http://www.ibtimes.com/articles/20091123/peets-ups-bid-diedrich-ward-off-green-mountain.htm Mon, 23 Nov 2009 10:32:40 EST Campbell Soup Co reported a higher-than-expected quarterly profit on Monday, helped by prices increases, easing costs for ingredients like grains and tomatoes and efforts to cut overhead costs. http://www.ibtimes.com/articles/20091123/campbell-soup-co-profit-beats-street-shares-jump.htm http://www.ibtimes.com/data/articleimgs/224559-cans-of-campbells-soup-line-the-shelves.jpg http://www.ibtimes.com/articles/20091123/campbell-soup-co-profit-beats-street-shares-jump.htm http://www.ibtimes.com/articles/20091123/campbell-soup-co-profit-beats-street-shares-jump.htm Mon, 23 Nov 2009 09:32:02 EST U.S. chocolate maker Hershey Co is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc as it seeks to trump a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday. http://www.ibtimes.com/articles/20091120/hershey-mulls-17-bln-solo-bid-cadbury-source.htm http://www.ibtimes.com/data/articleimgs/224498-hershey-mulls-17-bln-solo-bid-for-cadbury-source.jpg http://www.ibtimes.com/articles/20091120/hershey-mulls-17-bln-solo-bid-cadbury-source.htm http://www.ibtimes.com/articles/20091120/hershey-mulls-17-bln-solo-bid-cadbury-source.htm Fri, 20 Nov 2009 20:19:01 EST Akeel Sachak, global head of the consumer team at Rothschild, may get a seat at the table for this year's sweetest deal after all. http://www.ibtimes.com/articles/20091120/rothschild-star-and-buffett-banker-circle-cadbury.htm http://www.ibtimes.com/data/articleimgs/224483-rothschild-star-and-buffett-banker-circle-cadbury.jpg http://www.ibtimes.com/articles/20091120/rothschild-star-and-buffett-banker-circle-cadbury.htm http://www.ibtimes.com/articles/20091120/rothschild-star-and-buffett-banker-circle-cadbury.htm Fri, 20 Nov 2009 14:14:33 EST J.M. Smucker Co , best known for its peanut butter and jelly, posted higher-than-expected quarterly results, driven by strong margins at its Folgers coffee business, and raised its full-year profit outlook, sending its shares up 5 percent. http://www.ibtimes.com/articles/20091120/jm-smucker-brews-q2-beat-with-folgers-coffee.htm http://www.ibtimes.com/articles/20091120/jm-smucker-brews-q2-beat-with-folgers-coffee.htm Fri, 20 Nov 2009 11:40:01 EST Procter & Gamble Co does not see acquisitions as a core part of its growth plan and has started to buy back shares again, Chief Financial Officer Jon Moeller said on Friday. http://www.ibtimes.com/articles/20091120/prepurchasing-shares-quiet-on-potential-deals.htm http://www.ibtimes.com/data/articleimgs/224446-boxes-of-tide-detergentprocter-gamble-product-sit.jpg http://www.ibtimes.com/articles/20091120/prepurchasing-shares-quiet-on-potential-deals.htm http://www.ibtimes.com/articles/20091120/prepurchasing-shares-quiet-on-potential-deals.htm Fri, 20 Nov 2009 09:40:02 EST Any bid for UK confectioner Cadbury by Italian chocolate maker Ferrero would have to be friendly, an Italian source close to the matter told Reuters on Thursday. http://www.ibtimes.com/articles/20091119/any-ferrero-bid-cadbury-be-friendly-source.htm http://www.ibtimes.com/data/articleimgs/224374-any-ferrero-bid-for-cadbury-to-be-friendly-source.jpg http://www.ibtimes.com/articles/20091119/any-ferrero-bid-cadbury-be-friendly-source.htm http://www.ibtimes.com/articles/20091119/any-ferrero-bid-cadbury-be-friendly-source.htm Thu, 19 Nov 2009 11:04:40 EST Thanks to Ferrero and Hershey, Cadbury may finally have a bargaining position. http://www.ibtimes.com/articles/20091118/cadburys-best-defense-may-be-hope-ofnew-offer.htm http://www.ibtimes.com/data/articleimgs/224342-cadburys-best-defense-may-be-hope-ofnew-offer.jpg http://www.ibtimes.com/articles/20091118/cadburys-best-defense-may-be-hope-ofnew-offer.htm http://www.ibtimes.com/articles/20091118/cadburys-best-defense-may-be-hope-ofnew-offer.htm Wed, 18 Nov 2009 20:31:56 EST Perry Ellis International Inc said it is all set for a solid holiday season after posting a stronger-than-expected quarterly profit, helped by tighter cost controls. http://www.ibtimes.com/articles/20091118/perry-ellis-q3-profit-tops-mkt-raises-fy-profit-view.htm http://www.ibtimes.com/articles/20091118/perry-ellis-q3-profit-tops-mkt-raises-fy-profit-view.htm Wed, 18 Nov 2009 12:21:05 EST Cadbury Plc on Wednesday said it will give proper attention to any offer that gives a full value for the company, but until that happens it has nothing to comment upon further. http://www.ibtimes.com/articles/20091118/cadbury-will-give-attention-any-serious-offer.htm http://www.ibtimes.com/articles/20091118/cadbury-will-give-attention-any-serious-offer.htm Wed, 18 Nov 2009 12:07:28 EST Britain's Cadbury may team up with Italian chocolatier Ferrero to see off a hostile bid from U.S. group Kraft, an Italian newspaper reported on Tuesday, a combination that one analyst said made sense. http://www.ibtimes.com/articles/20091117/ferrero-link-seen-viable-defense-cadburykraft.htm http://www.ibtimes.com/data/articleimgs/224262-ferrero-link-seen-viable-defense-for-cadburykraft.jpg http://www.ibtimes.com/articles/20091117/ferrero-link-seen-viable-defense-cadburykraft.htm http://www.ibtimes.com/articles/20091117/ferrero-link-seen-viable-defense-cadburykraft.htm Tue, 17 Nov 2009 12:15:46 EST China Forestry Holdings Group, a forestry plantation operator backed by the Carlyle Group, plans to raise up to $203 million via an initial offering of shares in Hong Kong late this month. http://www.ibtimes.com/articles/20091116/carlyle-backed-china-forestry-eyes-203-mln-hk-ipo.htm http://www.ibtimes.com/articles/20091116/carlyle-backed-china-forestry-eyes-203-mln-hk-ipo.htm Mon, 16 Nov 2009 10:41:04 EST Brazilian meatpacker JBS, the world's largest beef processor, plans to announce the terms of a $2.5 billion private placement of debt in 30 days, the company's chief executive Joesley Batista said on Monday. http://www.ibtimes.com/articles/20091116/brazils-jbs-plans5-bln-debt-placement-ceo.htm http://www.ibtimes.com/data/articleimgs/224159-brazils-jbs-plans5-bln-debt-placement-ceo.jpg http://www.ibtimes.com/articles/20091116/brazils-jbs-plans5-bln-debt-placement-ceo.htm http://www.ibtimes.com/articles/20091116/brazils-jbs-plans5-bln-debt-placement-ceo.htm Mon, 16 Nov 2009 10:33:39 EST Italian oil refiner ERG SpA swung to a third-quarter net loss below forecasts and warned that refining margins in the final quarter remained very weak. http://www.ibtimes.com/articles/20091113/italian-refiner-erg-posts-q3-loss-warns-on-margins.htm http://www.ibtimes.com/articles/20091113/italian-refiner-erg-posts-q3-loss-warns-on-margins.htm Fri, 13 Nov 2009 12:42:31 EST Chinese solar panel maker Yingli Green Energy Holding Co Ltd posted better-than-expected third-quarter profit on strong shipments, sending its shares up 9 percent. http://www.ibtimes.com/articles/20091113/yingli-profit-tops-street-view-shares-jump.htm http://www.ibtimes.com/articles/20091113/yingli-profit-tops-street-view-shares-jump.htm Fri, 13 Nov 2009 12:39:39 EST Warren Buffett's warning to Kraft over using its undervalued stock to bid for Cadbury may return to haunt Irene Rosenfeld as the Kraft CEO ponders an increased bid to win over the British confectioner. http://www.ibtimes.com/articles/20091113/kraft-seen-saving-cadbury-sweetener-end-game.htm http://www.ibtimes.com/data/articleimgs/224056-kraft-seen-saving-cadbury-sweetener-for-end-game.jpg http://www.ibtimes.com/articles/20091113/kraft-seen-saving-cadbury-sweetener-end-game.htm http://www.ibtimes.com/articles/20091113/kraft-seen-saving-cadbury-sweetener-end-game.htm Fri, 13 Nov 2009 12:17:40 EST Hedge fund billionaire John Paulson raised his firm's stake in Cadbury on Wednesday and now holds 2.54 percent of the British confectioner, the subject of a hostile bid by U.S. food group Kraft. http://www.ibtimes.com/articles/20091111/hedge-fund-paulson-raises-cadbury-stake-again.htm http://www.ibtimes.com/data/articleimgs/223935-hedge-fund-paulson-raises-cadbury-stake-again.jpg http://www.ibtimes.com/articles/20091111/hedge-fund-paulson-raises-cadbury-stake-again.htm http://www.ibtimes.com/articles/20091111/hedge-fund-paulson-raises-cadbury-stake-again.htm Wed, 11 Nov 2009 13:20:48 EST Baytex Energy Trust's quarterly profit dropped 70 percent as weaker commodity prices hurt the Canadian oil explorer. http://www.ibtimes.com/articles/20091110/baytex-energy-q3-profit-slumps-70-pct.htm http://www.ibtimes.com/articles/20091110/baytex-energy-q3-profit-slumps-70-pct.htm Tue, 10 Nov 2009 11:37:15 EST Industrial conglomerate Tyco International Ltd posted a 53 percent drop in quarterly net profit as soft economic conditions sapped demand for its construction and control products. http://www.ibtimes.com/articles/20091110/tyco-international-profit-falls-less-than-expected.htm http://www.ibtimes.com/articles/20091110/tyco-international-profit-falls-less-than-expected.htm Tue, 10 Nov 2009 10:24:02 EST