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mergers and acquisitions

June 12, 2014

US-based First Citizens Bank, led by the Holding family since 1964, has announced it will become the country’s largest family-owned bank when it merges with another independent bank, which it also owns a controlling stake in, this November.

US-based First Citizens Bank, led by the Holding family since 1964, has announced it will become the country’s largest family-owned bank when it merges with another independent bank, which it also owns a controlling stake in, this November.  

The deal, which sees the North Carolina bank join hands with the similarly named First Citizens Bank and Trust of South Carolina, is worth between $636.9 million (€471 million) and $676.4 million.

April 2, 2014

Italian dairy and food corporation Parmalat has expanded its presence in Australasia with the acquisition of a Western Australian family dairy products and fruit juice business.

Italian dairy and food corporation Parmalat has expanded its presence in Australasia with the acquisition of a Western Australian family dairy products and fruit juice business.

Parmalat, owned by France's Besnier family via their dairy giant Lactalis, bought 28-year-old Harvey Fresh in a €79 million deal this week.

June 1, 2003

Big business or big bucks is the choice presented to a family business through mergers and acquisitions, depending on how it views its future. Melanie Stern explains how the challenges faced by this sector proves that size has never mattered more in either case

Melanie Stern is Section Editor of Families in Business magazine.

Big business or big bucks is the choice presented to a family business through mergers and acquisitions, depending on how it views its future. Melanie Stern explains how the challenges faced by this sector proves that size has never mattered more in either case

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