Deals
Heinz Agrees to Buy Golden Circle for A$288 Million
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H.J. Heinz Co., the world's largest ketchup maker, agreed to acquire Golden Circle Ltd. for A$288 million ($218 million) in cash to gain Australian juice, snack and spread brands.
The offer of A$1.65 a share is supported by the board and major shareholder Anchorage Capital Partners Ltd., Northgate, Queensland-based Golden Circle said in an e-mailed statement today. The offer from Pittsburgh-based Heinz is more than quadruple Golden Circle's last traded price of 40 cents on the National Stock Exchange of Australia.