• MSNBC reports that Tyson Foods has signed a deal with Syntroleum Corp. that will allow it to make synthetic fuel out of leftover fat from beef, pork and chicken – the second such deal that Tyson has made in the past few months. Tyson, according to reports, created a renewable fuels division last year and is trying to become a major player in the renewable fuels business.
• The New York Times reports this morning that Ahold-owned US Foodservice “has postponed its sale of $650 million in bonds that were expected to finance the unit’s equity buyout.” The decision, according to the Times, “comes as investors in the debt that supports these transactions have begun seeking higher interest rates and imposing tougher terms.”
• The Detroit Free Press reports that Kroger plans to shut down six of the Farmer Jack grocery stores that it bought today and reopen them under the Kroger banner on July 6.
• The New York Times reports this morning that Ahold-owned US Foodservice “has postponed its sale of $650 million in bonds that were expected to finance the unit’s equity buyout.” The decision, according to the Times, “comes as investors in the debt that supports these transactions have begun seeking higher interest rates and imposing tougher terms.”
• The Detroit Free Press reports that Kroger plans to shut down six of the Farmer Jack grocery stores that it bought today and reopen them under the Kroger banner on July 6.
- KC's View:
