Green Mountain Coffee Roasters said Tuesday that it had agreed to buy the Canadian gourmet coffee roaster Van Houtte from its private equity owner Littlejohn for $890 million in cash. Lawrence J. Blanford, head of Green Mountain, said the purchase would speed his company’s expansion in North America. The company is funding the deal with [...]
It’s already a hot campaign season in the desert. Angry Arizona Democrats say a Republican political operative in Phoenix has recruited street people to run under the Green Party banner in an effort to attract liberal voters and diminish the prospects of the Democratic Party in November. “These are people who are not serious and [...]
Stephen Green, chairman of HSBC, is stepping down to become the British trade minister, the bank announced Tuesday. “Serving Britain in the vital areas of trade and investment is an important role, and one [to] which Stephen brings a wealth of experience and expertise,” the bank said in an e-mailed statement. Mr. Green joined HSBC [...]
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Luigi Lavazza, the coffee maker owned by the eponymous Italian family, agreed to buy a $250 million stake in Green Mountain Coffee Roasters to expand in the United States, Bloomberg News reported. Lavazza is acquiring new Green Mountain shares for 7.5 percent below the 60-day volume-weighted average price, the companies said Tuesday in a Business [...]
It seems like investors were feeling pretty good about Green Dot Wednesday. The prepaid debit card company priced its initial public offering above the expected range, after previously increasing the size of its I.P.O. The company, the top player in the prepaid debit card industry, priced shares in its I.P.O. at $36 apiece, above its [...]
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