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A ketchup war is brewing, and the stakes just got higher. Unilever today announced a deal to acquire New York-based condiments upstart Sir Kensington’s. Bloomberg…
Food and drinks group reacts to pressures unleashed by Kraft Heinz’s move for rival
Unilever reported a surprise pick up in quarterly sales growth on Thursday, boosting its argument that it can improve performance on its own after spurning a $143 billion takeover offer from Kraft Heinz in February.
Shares of PepsiCo Inc. were up 1.3% midday Wednesday after the stock was upgraded to neutral from positive at Susquehanna on the thesis that it will be the target of a joint buyout bid from Kraft-Heinz and Anheuser-Busch . The Pepsi brand has been...
Shares of PepsiCo Inc. were up 1.3% midday Wednesday after the stock was upgraded to neutral from positive at Susquehanna on the thesis that it will be the target of a joint buyout bid from Kraft-Heinz and Anheuser-Busch .
Susquehanna’s Pablo Zuanic believes Kraft Heinz Co (NASDAQ: KHC) needs to look at an M&A deal, with the two most likely candidates being Mondelez International Inc (NASDAQ: MDLZ) and PepsiCo, Inc. (NYSE: PEP). Latest Ratings for PEP ...
Plans including share buyback and more cost cuts come in aftermath of Kraft Heinz bid
Kraft Heinz Co (NASDAQ: KHC)'s failed takeover of Unilever plc (ADR) (NYSE: UL) earlier this year has left the British consumer goods company "highly energized." read more
LONDON (Reuters) - Unilever promised a multi-billion euro program of shareholder rewards on Thursday after a corporate rethink sparked by a takeover approach from Kraft Heinz , aiming to prove it can generate lucrative returns as an independent...
Multinational plans to sell margarine business, lift dividends and raise profit margins
French’s Foods is up for sale, and Kraft Heinz is on the hunt for acquisitions. But the respective U.S. mustard and ketchup leaders aren’t the perfect match they might sound.
From LSE-DB to Unilever-Kraft, the usual playbook is not being followed
* Decision to eliminate about 200 salaried positions across few additional functions in U.S. and Canada out of 41,000 global employees
PITTSBURGH (AP) - Kraft Heinz Co. has laid off 200 white-collar workers in Canada and the United States. Michael Mullen, the company's senior vice president of corporate and government affairs,, says the company is realigning its administrative...
An analysis of the tasty options left on the Buffett-3G table
The consumer giant’s stock has risen back to the level of Kraft Heinz’s bid, but that can be justified by the potential for margin gains and share buybacks.