Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Article excerpt

Olin completes Dow deal * Olin Corp. has finalized its $5 billion purchase of a large part of Dow Chemical's chlorine business. Clayton-based Olin, a chemical and ammunition manufacturer, said earlier this year that the purchase is the largest in its 123-year history. As part of the deal, Midland, Mich.-based Dow becomes one of Olin's largest chlorine customers. Olin also said Monday that it's adding two former Dow executives to its board of directors: William Weideman and Carol Williams.

Post Holdings completes Willamette acquisition * Brentwood-based Post Holdings said Monday it has completed the $90 million acquisition of Willamette Egg Farms LLC, the owners of two egg production facilities in Oregon and Washington. The operations will be combined with Post Holdings' existing Michael Foods egg business.

Data hack at 7 Trump hotels confirmed * Customer credit and debit card numbers may have been stolen at seven Trump hotels after its payment systems were hacked for more than a year. The Trump Hotel Collection says on its website that hackers gained access to its systems between May 2014 and June 2015 at the front desk of those hotels. Hotel restaurants and gift were also hacked. Republican presidential candidate Donald Trump is chairman and president of Trump Hotel, and three of his children have executive roles.

Nestl in talks to merge ice cream operations * Nestl confirmed Monday that it is in "advanced discussions" to merge its international ice cream business with R&R Ice Cream, the U.K.-based maker of Cadbury Flake Cones, Rowntree's Fruit Pastille lollies and Kelly's Cornish ice cream. A shift by consumers toward healthy, fresh food or premium brands is putting pressure on mass-market ice cream makers. Nestl's ice cream business is a distant No. 2 to world leader Unilever.

Trian takes big GE stake * Activist investor Nelson Peltz's fund has bought a $2.5 billion stake in General Electric Co., adding fresh pressure on the U.S. conglomerate to pull off its plan to shift away from finance operations toward its industrial roots. …

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