On Thursday, Shares of Alcoa Inc. (NYSE:AA), gained 0.27% to $11.10.
Alcoa Inc., will hold a conference call on Wednesday, July 8 starting at 5:00 p.m. EDT to talk about second quarter 2015 results and business developments. The conference call will be webcast live via Alcoa’s website, www.alcoa.com, with presentation materials accessible online at 4:15 p.m. EDT.
Alcoa Inc. produces and manages primary aluminum, fabricated aluminum, and alumina worldwide. The company operates through four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. The Alumina segment is involved in mining bauxite, which is then refined into alumina. The Primary Metals segment produces primary aluminum.
Shares of Mondelez International, Inc. (NASDAQ:MDLZ), declined -0.14% to $41.55, during its last trading session, hitting its highest level.
Mondelez International, and D.E Master Blenders 1753 B.V. declared that they have accomplished the transactions to combine their respective coffee businesses, counting Mondelēz International’s coffee portfolio in France, to create JACOBS DOUWE EGBERTS (JDE), which will be the world’s leading pure-play coffee company with annual revenues of more than EURO5 billion.
Upon closing, Mondelēz International received cash of about EURO3.8 billion and a 44 percent interest in the new joint venture, subject to standard post-close adjustments. Acorn Holdings B.V. (AHBV), owner of D.E Master Blenders 1753, will have a 56 percent share in JDE. AHBV is owned by an investor group led by JAB Holding Company in partnership with BDT Capital Partners, Quadrant Capital Advisors and Societe Familiale d’Investissements.
The new company will be based in the Netherlands and hold market-leading positions in 18 countries globally in addition to a strong emerging market presence. JDE will own some of the world’s leading coffee brands, such as Jacobs, Tassimo, Moccona, Senseo, L’OR, Douwe Egberts, Kenco, Pilao and Gevalia.
Mondelez International, Inc., through its auxiliaries, manufactures and markets snack food and beverage products worldwide. The company offers biscuits, counting cookies, crackers, and salted snacks; chocolates, and gums and candies; powdered beverages and coffee; and cheese and grocery products.
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