European consumer goods company Unilever PLC (UNL) and its American counterpart Hormel Foods Corp. (HRL) are both vying for the opportunity to purchase the food division of British consumer goods company Reckitt Benckiser, the Sunday Times reported.
The food business, which includes French's mustard brand among others, is expected to go for at least $2.9 billion, sources told the British newspaper.
Earlier this month, Reckitt trimmed its sales forecast, becoming one of the first companies to do so as a result of the manufacturing disruptions caused by the recent wave of cyber attacks.
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In a July 6 trademark application, Amazon subsidiary Amazon Technologies Inc. revealed it's planning "prepared food kits composed of meat, poultry, fish, seafood, fruit and/or and [sic] vegetables...ready for cooking and assembly as a meal," as well as primarily grain-based offerings.
The product's tagline: "We do the prep. You be the chef." Amazon already sells other companies' meal kits, including Tyson Foods Inc.'s (TSN) Tyson Tastemakers. Martha Stewart is even offering meal kits on Amazon Fresh, the company's grocery delivery service. But, this may be the first hint of something bigger for Amazon, which would put it in direct competition with newly minted IPO Blue Apron (APRN) .