- Diageo PLC reportedly is close to an agreement to sell Burger King Corp. to a consortium led by Texas Pacific Group for $1.5 billion.
- Stater Bros. Markets has moved up from 70th to 59th in the Forbes annual listing of U.S.-headquartered private companies with annual revenues of $1 billion or more.
- Cott Corporation, the world’s largest private label soft drink manufacturer, has reached a deal to extend the contract of its chairman, president and CEO, Frank E. Weise. His contract had bee set to end next June 30.
- Royal Ahold’s U.S. Foodservice unit announced that it has expanded its contract with RARE Hospitality increasing its value by $40 million to $175 million a year. This is the second foodservice deal announced by the company this week, as it continues to bolster its core businesses while looking to divest non-core assets.
