GLOBALES: Unilever rejects $143 billion Kraft Heinz bid as without merit
 Inicio > Internacionales | Publicado el Viernes, 17 de Febrero del 2017
GLOBALES: Unilever rejects $143 billion Kraft Heinz bid as without merit
Noticias Relacionadas: KraftUnileverSaidHeinzWhich

Esta noticia ha sido leída 338 veces

Reuters / LONDON Unilever ( ULVR.L ) rejected a surprise $143 billion takeover bid from U.S. food company Kraft Heinz Co ( KHC.O ) on Friday, saying it saw no reason to discuss a deal which it said had no financial or strategic merit.

But while Unilever, the maker of Lipton tea and Dove soap, said the $50 per share offer undervalued it and recommended its shareholders take no action, Kraft Heinz said it looked forward to "working to reach agreement on the terms of a transaction".

Analysts saw this as a sign Kraft was open to a higher bid, although the Anglo-Dutch company said in a statement it saw no basis for further talks. Unilever shares jumped as much as 14 percent to a record high. They were up 13 percent at 37.79 pounds ($46.92) at 1338 GMT, short of the offer price.

A combination of the two multinationals would be the third-biggest takeover in history and the biggest ever acquisition of a UK-based company, according to Thomson Reuters data.

The Kraft Heinz approach comes as the global packaged food industry grapples with slowing growth, new competition from upstart brands, deflation in developed markets and increasingly health-conscious consumers.

Unilever has a larger presence than some peers in emerging markets, which were once the big driver of industry growth, but which have slowed in recent years. It is also feeling the after-effects of Britain's decision to leave the European Union.

Although Kraft is smaller than Unilever, with a market value of $106 billion as of Thursday, it is 50.9 percent owned by billionaire Warren Buffett's Berkshire Hathaway ( BRKa.N ) and 3G Capital, the private equity firm that also controls Anheuser-Busch InBev ( ABI.BR ). It has been widely expected to do a deal this year, given earlier reports that 3G had raised a new fund.

3G has orchestrated a string of big deals rocking the food and drink industry, including Anheuser-Busch InBev's takeover of SABMiller and the combination of Kraft and Heinz.



FAST FORWARD

Unilever said Kraft's proposal represented an 18 percent premium to its share price on Thursday, the day before news of the bid was announced in a stock market statement.

It said Kraft's proposal included $30.23 per share in cash, payable in U.S. dollars, and 0.222 of a share in a new enlarged entity per Unilever share.

"This is cheap money meeting industrial logic," Steve Clayton, manager of the HL Select UK Shares fund at Hargreaves Lansdown, which owns Unilever shares, said.

A deal would offer opportunities to combine marketing, manufacturing and distribution in addition to cutting costs.

"Kraft Heinz are attempting a massive push on the Fast Forward button...to acquire the sheer scale of brands that Unilever represents through one-off acquisitions could take decades," Clayton added.



(Additional reporting by Angelika Gruber in Zurich and Danilo Massoni in Milan; Editing by Keith Weir/Ruth Pitchford/Alexander Smith)

A Heinz Ketchup bottle sits between a box of Kraft macaroni and cheese and a bottle of Kraft Original Barbecue Sauce on a grocery store shelf in New York City, New York, U.S. March 25, 2015. REUTERS/Brendan McDermid GLOBALES: Unilever rejects $143 billion Kraft Heinz bid as without merit

Con Información de Reuters

http://entornointeligente.com/articulo/9641266/GLOBALES-Unilever-rejects-$143-billion-Kraft-Heinz-bid-as-without-merit-17022017

Síguenos en Twitter @entornoi

Para mas información visite: Mundinews.com


Instagram Mi Refugio online Twitter Mi Refugio Online Facebook Mi Refugio Online Pagina Web Mi Refugio Online Pagina Web Mi Refugio Online Detener Mi Refugio Online

Todas las noticias del mundo te esperan en este novedoso boletín. Suscríbete!!!
http://www.entornointeligente.com





Destacadas


Los intervalos nubosos, con nubosidad baja a primeras horas en el nordeste de las islas de mayor relieve, y las temperaturas en ascenso, más acusado en las máximas de zonas...

Ads by Web24

Regístrate y conviértete en un experto en publicidad
Http:/www.adscoins.com

La ciudad de Las Palmas de Gran Canaria es la única que supera los 60 días en el periodo medio de pago a proveedores al llegar a los 93,23, según...


El Gobierno de Canarias ha anunciado este lunes que ha sacado a consulta pública previa la modificación del decreto de 2015 que regula el alquiler vacacional en Canarias. La nueva...

Ads by Web24

Todas las noticias del mundo te esperan en este novedoso boletín. Suscríbete!!!
http://www.entornointeligente.com

El presidente del Cabildo de Tenerife, Carlos   Alonso , ha advertido este lunes de que "ya es tiempo" de aumentar los salarios y realizar contratos indefinidos con el objetivo...

Ads by Web24

Regístrate aquí y forma parte del selecto grupo de lectores de EntornoInteligente
http://www.entornointeligente.com
ATENCION: TODOS LOS CONTENIDOS PUBLICADOS EN ESTE SITE SON PROPIEDAD DE SUS RESPECTIVOS MEDIOS, ENTORNOINTELIGENTE NO SE HACE RESPONSABLE POR LOS CONTENIDOS DE TERCEROS. CADA NOTICIA ESTA ASOCIADA AL MEDIO DE ORIGEN.
LOS AVISOS DE GOOGLE SON PROPIEDAD DE GOOGLE Y EN NINGUN MOMENTO GUARDAN RELACION CON LA LINEA EDITORIAL DEL PORTAL ENTORNOINTELIGENTE.COM