On Wednesday, McKesson Corporation (NYSE:MCK)’s shares inclined 4.24% to $10.32.
Flextronics (FLEX), a leading sketch-to-scale solutions company that designs and builds intelligent products for a connected world, declared recently that it has officially changed its name to Flex, with a promise to assist the world Live smarter™.
With its global scale and extensive physical infrastructure, Flex provides innovation, design, engineering, manufacturing and supply chain services to almost every industry, ranging from healthcare and automotive to industrial, energy, communications, enterprise computing and consumer electronics. This deep experience in multiple industries provides the Company with great intelligence and insight, improving visibility and velocity in a dynamic world.
Flextronics International Ltd. provides design, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. The company offers innovation services, such as innovations labs for supporting customer design and product development services from early concept stages; collective innovation platform, an ecosystem of technology solutions; Lab IX startup accelerator program; centers of excellence solutions in critical areas; interconnect technology center for printed circuits; and CloudLabs that enables customers to accelerate a spectrum of cloud, converged infrastructure, and datacenter strategies.
Yum! Brands, Inc. NYSE:YUM)’s shares gained 4.70% to $79.68.
KFC Corporation is a partner of Yum! Brands, Inc., Louisville, Ky. (YUM).
Earlier this year, two Canadian families made headlines after driving 2,000 miles for some finger lickin’ good® Kentucky Fried Chicken® at the birthplace of Original Recipe® Chicken in Corbin, Kentucky. Just like Colonel Sanders, who traveled over 200,000 miles a year to visit every KFC® restaurant across America, these loyal KFC fans took an epic journey of their own. And, to honor them, KFC treated the two families to a first-class, behind-the-scenes visit at their headquarters in Louisville, Kentucky where the Original Recipe® magic continues recently.
Longtime friends Brian Lutfy and Neil Janna of Montreal, Quebec, decided in April to get a bucket of their favorite finger lickin’ good chicken the hard way— by going on a five-day road trip to Corbin, Kentucky with their sons. After hearing the news of their courageous pilgrimage, KFC invited them back for a behind-the-scenes tour of the brand’s headquarters in Louisville, to actually prepare their beloved fried chicken alongside KFC’s head chef and see how the Original Recipe® Kentucky Fried Chicken is made.
YUM! Brands, Inc., together with its auxiliaries, operates quick service restaurants. It operates in five segments: YUM China, YUM India, the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company develops, operates, franchises, and licenses a system of restaurants, which prepare, package, and sell various food items.
At the end of Wednesday’s trade, KKR & Co. L.P. (NYSE:KKR)‘s shares surged 3.39% to $19.54.
JBF Industries Ltd. (“JBF”), a leading manufacturer of polyester value-chain products, has signed a definitive agreement with global investment firm KKR under which KKR will invest US$150 million into JBF Group, an entity that comprises JBF’s international auxiliaries.
A portion of the proceeds will be used by KKR to acquire a 20% stake in JBF, listed on the BSE Ltd. and National Stock Exchange of India. The remaining proceeds will be invested into zero-coupon convertible preference shares with 14.5% voting rights in JBF Global Pte. Limited, Singapore, an unlisted partner. KKR will primarily make its investment from the KKR Special Situations Fund II.
JBF Group manufactures polyester value-chain products ranging from polyester chips, polyester yarn and films which are used in the fast-moving consumer goods, textile and packaging industries. JBF Group is one of the leading global players in the polyester segment, with six manufacturing facilities across India, Bahrain, Belgium and the United Arab Emirates.
KKR & Co. L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, administration buyouts, credit special situations, growth equity, mature, mezzanine, distressed, and middle market investments. The firm considers investments in all industries with a focus on technology and hardware, energy and infrastructure, real estate, services industry with a focus on business services, intelligence, industry-leading franchises and companies in natural resource, containers and packaging, agriculture, airports, ports, forestry, electric utilities, textiles, apparel and luxury goods, household durables, digital media, insurance, brokerage houses, non-durable goods distribution, supermarket retailing, grocery stores, food, beverage, and tobacco, hospitals, entertainment venues and production companies, publishing, printing services, capital goods, financial services, specialized finance, pipelines, and renewable energy.
McKesson Corporation(NYSE:MCK), ended its Wednesday’s trading session with 5.10% gain, and closed at $197.97.
Seal Software, the leading provider of Contract Discovery and Analytics solutions, recently declared that McKesson has gone live on its platform to gain unprecedented visibility into its contracts and reveal key business insights. Ranked 11th among the Fortune 500 with more than $179 billion in annual revenue, McKesson has played a critical role in shaping the design and direction of modern health care since its founding in 1833. Recently, McKesson relies on Seal Software across lines of business to achieve a clear view into thousands of contracts, make strides in process efficiency, and quickly identify contract obligations, risks, and opportunities.
Over the past 180 years, McKesson has improved how the business of health care runs by setting new standards for the industry’s supply chain. The global company delivers vital pharmaceuticals and medicines, medical supplies, and information technology solutions that touch the lives of patients across the globe.
As the landscape of health care continues to evolve, the mountain of contracts keeping everything running has multiplied exponentially, posing a noteworthy challenge for organizations like McKesson to have clear insight into their business transactions and relationships at all times.
McKesson Corporation delivers pharmaceuticals, medical supplies, and health care information technologies to the healthcare industry in the United States and internationally. The company operates in two segments, McKesson Distribution Solutions and McKesson Technology Solutions.
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