Deals Rumor Mill: Benckiser, 3i Group, Heineken

Law360, New York (April 11, 2013, 1:41 PM EDT) -- German conglomerate Joh. A. Benckiser GmbH is closing in on a firmed-up offer for another coffee and tea company, D.E. Master Blenders, that values the company at roughly $10 billion, Bloomberg reported on Thursday. The Dutch coffee company, a Sara Lee Corp. spinoff, confirmed late last month that JAB had approached it with a $9.7 billion bid. Several banks have committed financing for the deal, including Citigroup Inc., Bank of America Corp., Rabobank Groep NV and Morgan Stanley. An official announcement of the acquisition could come...
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