Thursday, April 30, 2015

McDonald's Commits To Zero Deforestation Throughout Its Supply Chain

McDonald's Commits To Zero Deforestation
Burger giant McDonald’s announced plans to eliminate deforestation from its global supply chains. The announcement goes well beyond the deforestation-free palm oil commitments other fast food companies have made. By aiming to eradicate deforestation from all commodities, McDonald’s is initially focusing on the sourcing of deforestation-free beef, fiber-based packaging, coffee, poultry and palm oil.

The world’s largest fast food chain pledges not to contribute to deforestation in areas most critical to reducing carbon in the atmosphere, known as high carbon value and high carbon stock forests. These are areas of high environmental value, including high biodiversity, as well as high value to their communities, that are often in danger of being cleared to make way for plantations.

Tuesday, April 28, 2015

FedEx to Buy TNT Express for US$4.8B

fedex buy tnt express

US courier delivery giant FedEx has highlighted its intentions to expand globally with the purchase of Dutch-based rival TNT Express.

Both companies have jointly announced that they have reached a conditional agreement on a recommended all-cash offer for all issued and outstanding ordinary shares, Including shares Represented by American Depositary Receipts of TNT Express for a cash offer price of 8:00 euros per share cum dividend except for the TNT Express final 2014 dividend of 0:08 euros in a transaction valuing TNT Express at in implied equity value of about 4.4 billion euros or US$4.8 billion.