The chairman of the world's largest producer of fresh foods and produce has agreed to buy all the shares of Dole that he doesn't already own in a deal valued at $2.5 billion. David Murdock will pay $33.50 per share to take the firm private.
About 97% of poll participants said lawsuits filed against McDonald's for allegedly creating deceptive ads have no merit, according to a survey conducted by SupermarketGuru.com. The survey also found most Americans don't blame fast-food restaurants for poor eating habits.
The Cedar Rapids/Iowa City Technology Center has attracted Cargill, General Mills and H.J. Heinz to open facilities in the region. The Technology Corridor's co-chair says it has become a haven for food research, development and production.
The U.K.'s Tesco supermarket chain was cleared this week to move forward with its acquisition of the T&S convenience store chain. The move was cleared after the Secretary of Trade and Industry decided it did not run the risk of interfering with antitrust laws.