The decision, first reported by Bloomberg, comes after the CPG company walked away from its bid to buy GlaxoSmithKline's consumer unit and activist investor Nelson Peltz took on a stake.| Food Dive
The sale to CVC Capital Partners includes 34 brands that generated more than $2 billion in sales in 2020. It will allow the CPG giant to focus on higher-growth businesses.| Food Dive
The restructuring creates separate divisions for nutrition and ice cream, streamlining the mega-CPG company's operations and potentially making divestments easier.| Food Dive
The independent board affiliated with the ice cream brand filed the initial lawsuit during the summer, arguing the CPG company overstepped its authority by selling its arm in the Middle Eastern country.| Food Dive
The investor, whose group owns a 1.5% stake in the European CPG giant, has a track record of pushing large food companies to split off less profitable divisions.| Food Dive
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