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Minutes from the Fed's meeting show possible interest-rate action "fairly soon." Plus, Kraft Heinz ends bid for Unilever, and Wal-Mart takes aim at Amazon.
U.S. food company Kraft Heinz is not targeting any other large deals for now after being snubbed by Unilever because valuations in the sector are too high, major shareholder Warren Buffett told CNBC news on Monday. "Will there be another deal at Kraft Heinz someday? My guess is yes, but who knows when ... it would have to be friendly and frankly, the prices in that field make it very, very, very tough to make an intelligent deal," Buffett said in a wide-ranging interview at a gathering in his hometown of Omaha, Nebraska.
After buying 120 million shares of Apple over the past year, Berkshire Hathaway has a position in the iPhone-maker worth $18 billion and a 'big seven' of company stakes valued at over $10 billion.
Restaurant Brands International Inc. (QSR) announced its $1.8 billion acquisition of Popeyes Louisiana Kitchen Inc. (PLKI) yesterday, and it helped the fried chicken giant's stock sizzle upward 19% to $78.77 per share. RBI stock rose 7% Tuesday to $57.50 per share
After rebuffing Kraft Heinz's advances, Unilever is undertaking a "comprehensive review" for its shareholders.
Unilever, the company behind Ben & Jerry's, Hellman's mayonnaise, and Dove, is up 6.6% at $38...
Unilever is reviewing options after rival Kraft Heinz withdrew a $143 billion takeover offer. The owner of brands including Hellman's and Lipton says it is "conducting a comprehensive review of options ...
It would have been among the biggest deals ever. Instead, Kraft Heinz's pursuit of Unilever will become a footnote in history. Kraft Heinz, whose two largest shareholders are 3G Capital and Warren Buffett's ...
U.K. Prime Minister Theresa May came under pressure to tighten takeover rules, and do so quickly, in the wake of the failed Kraft Heinz Co. bid for Unilever Plc
SEOUL, South Korea (AP) — Asian stock markets were mixed with subdued movements on Wednesday, getting little push from the Wall Street's record high overnight, as investors awaited the Fed's latest meeting minutes due later in the day for clues about the U.S. central bank's views on interest rates.
Kraft Heinz and Unilever sank early Tuesday after Kraft abruptly ended its $143 billion merger offer. But industry deal speculation continues.
Kraft Heinz Co's (KHC.O) rapid retreat from its surprise $143 billion bid for Unilever (ULVR.L) (UNc.AS) in the face of stiff resistance knocked the Anglo-Dutch company's shares on Monday as investors assessed the impact of the failed approach. Kraft, which is backed by Warren Buffett and the private equity firm 3G, wanted to buy Unilever as part of its strategy to become a global consumer goods giant by buying competitors and cutting costs and jobs to drive profits. The vehemence of this response, along with fears of a political backlash, was enough to put off 86-year old Buffett, whose Berkshire Hathaway (BRKa.N) has a long-held aversion to making hostile bids, sources told Reuters.