Mondelez International plans to invest approximately $121 million in its Cadbury production facility in the U.K., including the addition of more automated machinery to boost efficiency. The changes may result in job losses, but the company says the changes and investment will "secure manufacturing at Bournville for the next generation."
Goldman Sachs Group and Bain Capital Partners will pay a total of $121 million to settle a lawsuit that claimed the firms conspired to divvy up the leveraged buyout market and suppress prices, cheating shareholders out of billions of dollars. Similar claims against other firms, including Blackstone Group, Carlyle Group and KKR, have yet to be resolved.
KBS Real Estate Investment Trust III has acquired a 246,563-square-foot office building in San Francisco for $121 million. The property, located at 201 Spear St., was sold by Massachusetts Mutual Life Insurance and was 82% occupied at the time of purchase. Tenants there include Verizon Business Solutions, CoreLogic and Moovweb.
Inland Real Estate is buying out its pension fund partner's 50% stake in a venture that owns 13 retail centers that total 2.3 million square feet. Inland is paying $121 million in cash for the stake, which is owned by the New York State Teachers' Retirement System. The majority of the centers are in the Chicago area.