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.
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.
In what marked the biggest commercial real estate transaction for San Diego in 2009, the office REIT Pacific Office Properties Trust paid $210 per square foot for an equity stake in the Seaview Corporate Center. The remaining ownership of the 356,500-square-foot office complex will go to Angelo, Gordon & Co., a private investment manager.