Risk/Compliance: Page 161

Anheuser-Busch Raises Offer for SABMiller

Anheuser-Busch InBev

The world's largest brewer, seeking to secure attractive markets in Latin America and Africa by taking over its nearest rival, also improved the terms of an alternative share-and-cash offer designed for SABMiller's two largest shareholders.

A successful takeover would give AB InBev beer brands such as Peroni and Grolsch and control of about half of the industry’s profit.

Ocean Ports & Carriers

Private Equity Firm Acquires St. George Logistics

St. George Logistics is North America’s largest provider of outsourced ocean container freight station services and a major provider of air CFS.

STG is expected to be the first acquisition in the development of a leading logistics platform providing import/export and value-added warehousing and distribution services to this core client base.

7-Eleven Makes First Drone Food Delivery in Reno

The 7-Eleven drone delivery clearly preempts statements Amazon had stated in the past, when it intended to be the first to offer delivery services through drones.

The Flirtey drone successfully lowered each food package into the family's backyard within a few minutes of the delivery. Already delivering food items through services such as those offered by Postmates and Tapingo, 7-Eleven has stated that it intends to widely launch a delivery service powered by drones sometime in the future.

Ahold Delhaize Merger Brings Mega Food Retailer

Ahold Delhaize moves forward as one of the world`s largest food retail groups, a leader in supermarkets and e-commerce, and a company at the forefront of sustainable retailing.

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Investors Daily News: Amazon Fresh is on the Move

First tested in Seattle almost a decade ago, AmazonFresh has quietly popped up since then in about a dozen cities along the coasts.

If it now opens brick-and-mortar grocery locations, Amazon would appear to be acknowledging that some kinds of purchases just might not be well-suited for the doorstep-delivery model.

General Mills Revamps Global Supply Chain, will Close Plants in U.S., Brazil and China

General Mills announced plans to close plants in Vineland, N.J., Martel, Ohio, Marilia and São Bernardo do Campo, Brazil, and Nanjing, China.

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Campbell Soup Co. Commits to Antibiotic-Free Chicken

Campbell Soup Co.

Campbell President Denise Morrison said the planned change reflects a "real food philosophy" at Campbell, which has previously vowed to remove artificial colors and flavors from North American products by year-end 2018.

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Bar-S Foods Recalls 372,684 Pounds of Chicken and Pork Hot Dogs and Corn Dogs

Bar-S Foods notified FSIS’ Dallas District Office on July 19, 2016, of its intention to recall five chicken and pork hot dog and corn dog products that could potentially be contaminated with Listeria monocytogenes.

The ready-to-eat, chicken and pork hot dog and corn dog items were produced on July 10, 11, 12, and 13, 2016.

FedEx Becomes First Cargo Carrier to Service Cuba

FedEx Corporation

While eight other airlines were granted rights to fly passenger routes between the U.S. and Cuba routes earlier this month, FedEx is the first American cargo carrier to earn this distinction.

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Feds to Test Online Grocery Delivery to Food Stamp Recipients

The USDA spokesperson said "getting the proper technology in place to ensure process integrity" has been a major factor, as few companies have developed the correct encrypted PIN capabilities.

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Utz Quality Foods Inc. to Acquire Golden Enterprises Inc.

Golden Enterprises Inc. and Utz Quality Foods Inc. have entered into a definitive merger agreement, pursuant to which Utz will acquire Golden Enterprises.

Company stockholders will receive $12.00 per share in cash. This price represents a premium of approximately 71 percent over the company's 30-day average closing trading price of $7.00.

Risk/Compliance

CDC Ends Frozen Food Probe, Warns of Ongoing Risks

Centers for Disease Control and Prevention (CDC)

The recalled products include more than 350 frozen products packaged by CRF Frozen Foods Inc. under 42 brands, according to the Food and Drug Administration (FDA).

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