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  • Mac-Gray buys Automatic Laundry for $116 million

    (Tue, 01 Apr 2008 09:36:32 -0500)

  • Mac-Gray Acquires Automatic Laundry Company

    (Tue, 01 Apr 2008 09:45:00 -0500)

    Mac-Gray Corp. acquired Automatic Laundry Co. Ltd. for about $106 million in cash and $10 million in unsecured notes, subject to certain post-closing adjustments. Mac-Gray, a provider of convenience services, said it expects the deal to add to earnings in the first 12 months. The company now expects 2008 product sales revenue of $50 million to $55 million, and has raisede expected 2008 capital expenditures to a range of $33 million to $37 million from the previous view $30 million to $34 million. Mac-Gray expects 2008 laundry facilities management revenue of $305 million to $315 million, up from $260...

  • Danone signs cookie sale agreement with Kraft Foods

    (Mon, 29 Oct 2007 13:17:24 -0500)

    PARIS (MarketWatch) -- French food giant Groupe Danone SA Monday said it has signed an agreement to sell its biscuit and cereal products division to U.S food giant Kraft Foods Inc. . Kraft is paying $7.2 billion for the unit, which includes the Lu, Prince and Tuc brands. Completion of the transaction will be subject to certain conditions, in particular the approval of regulatory authorities in the countries concerned, and including the European Commission, Danone said in a statement.

  • E.U. extends antitrust review of Kraft, Danone cookie deal

    (Thu, 18 Oct 2007 05:30:00 -0500)

  • Mac-Gray profit soars on gain; company buys Hof Service

    (Thu, 09 Aug 2007 08:35:35 -0500)

    CHICAGO (MarketWatch) -- Mac-Gray Corp. said its second-quarter income rose sharply on a gain related to a change in the value of derivatives. The provider of laundry facilities management services said it earned $768,000, or 6 cents a share, compared with a prior-year profit of $409,000, or 3 cents a share. Excluding the gain, Mac-Gray would have earned $465,000, or 3 cents a share in the latest three months. Revenue was about flat at $69.2 million. The company says it remains "optimistic" about the second half of 2007. Separately, Mac-Gray said it has acquired Hof Service Co., a Beltsville,...

  • Mac-Gray Corp. Q2 adj net 3c vs yr-ago 1c

    (Thu, 09 Aug 2007 08:23:19 -0500)

  • Mac-Gray Corp. Q2 revenue flat $69.2M vs $69M

    (Thu, 09 Aug 2007 08:22:47 -0500)

  • Kraft to buy Danone's baked-goods business for $7.2 billion

    (Tue, 03 Jul 2007 15:19:00 -0500)

    LONDON (MarketWatch) -- French food giant Groupe Danone on Tuesday said it's agreed in principle to sell its global biscuit business to U.S. rival Kraft Foods for 5.3 billion euros ($7.2 billion) in cash.

  • Nigeria's two labor groupings to meet Monday on general strike

    (Mon, 18 Jun 2007 05:35:00 -0500)

  • Movers & Shakers: Monday's biggest stock gainers and decliners

    (Mon, 26 Mar 2007 17:07:00 -0500)

    Monday's biggest stock gainers and decliners



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