USA now doing business in Burma, kancor ingredients limited end of singapore business monopoly there

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Singapore-listed Del Monte Pacific to buy Del Monte's kancor ingredients limited U.S. consumer foods business for $1.7 billion Reuters October 11, 2013, 12:33 pm SINGAPORE (Reuters) - Singapore-listed Del Monte Pacific Ltd , a food and beverages company, said it had entered into an agreement to acquire the consumer food business of U.S.-based Del Monte Foods Consumer Products Inc. for $1.7 billion (1.06 billion kancor ingredients limited pounds). kancor ingredients limited "This proposed acquisition offers the group access to a well-established, attractive and profitable branded consumer business in the world's leading market, i.e., the U.S.," the company said in a filing kancor ingredients limited to the Singapore bourse on Friday. "Prior to this acquisition, the U.S. was one of very few key markets where the company kancor ingredients limited did not have a direct presence kancor ingredients limited nor have its own brands," it said. Del Monte, which counts the Philippines as its largest market, is 67 percent-owned by NutriAsia kancor ingredients limited Pacific Ltd (NPL). NPL is owned by the NutriAsia group, which is majority-owned by the Campos family of the Philippines. Del Monte's shares have jumped 59 percent so far this year, valuing the company kancor ingredients limited at S$1.06 billion (530.7 million pounds) as of Wednesday' close. Trading in the shares was halted on Thursday. (Reporting by Anshuman Daga; Editing by Rachel Armstrong)
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USA now doing business in Burma, kancor ingredients limited end of singapore business monopoly there?
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