London - Unilever reported quarterly sales growth that beat estimates and affirmed its outlook for the year in its first results announcement since rebuffing a takeover approach from Kraft Heinz. Underlying sales rose 2.9 percent inShow More Summary
Months after fending off a $143 billion takeover offer from Kraft Heinz, the big Anglo-Dutch food company is buying a small but innovative condiments maker.
If you're a daily reader of financial news, you know there's always a big story about two companies looking to merge. The latest news has Kraft Heinz pulling out of a whopping $143 billion deal with Unilever. Usually, when news of these potential deals emerge, company executives will use buzzwords...
Kraft Heinz this week set new corporate social responsibility targets that include improving environmental management and creating a more sustainable supply chain. The post Kraft Heinz Pledges $200 Million Investment in Environmental Management, CSR Efforts appeared first on Environmental Leader.
Yesterday the $26 billion food giant Kraft Heinz announced a commitment to create a more sustainable supply chain -- in part by revamping its palm oil policy. NGOs, so far, have replied with caution.
When Kraft Heinz Co. takes up three shareholder initiatives dealing with sustainability, the board won’t support them. That’s according to Triple Pundit, which points out that the combined company formed in 2015 to make up the North America’s fifth larges food and beverage company. Show More Summary
Kraft Heinz plans to vote on three sustainability-related shareholder resolutions at its annual meeting in Pittsburgh next month. And the company is opposed to every one of them.
Billionaire investor Warren Buffett made an analogy about business on Monday that was not great. In an interview about Kraft Heinz's proposed — and rejected — acquisition of the consumer goods company Unilever, Buffett turned to a misogynist tale as old as time. "It reminds me of that old story about the difference between a diplomat and a lady. Show More Summary
Warren Buffett made an inappropriate remark about women while attempting to describe the logic behind Kraft Heinz' recent takeover bid for Unilever. Kraft Heinz, which is backed by Buffett's Berkshire Hathaway and the private equityShow More Summary
Warren Buffett's annual year-end letter is here and it is chock full of ideas. Barron's Andrew Bary wrote about how Buffett is saluting Jack Bogle and putting hedge funds on blast. Emily Bary noted Buffett's big stake in Apple (AAPL),...Show More Summary
Buffett said Monday on CNBC that his Berkshire Hathaway and 3G Capital abandoned Kraft Heinz Foods' bid for Unilever because they were interested only in a mutually agreed upon tie-up, not a hostile takeover. Buffett says it initially...Show More Summary
WPP CEO Martin Sorrell momentarily found himself on both sides of Kraft Heinz's takeover bid of Unilever, according to a report from the Financial Times. The public relations company Finsbury, acquired by WPP in 2001, was hired by Kraft Heinz to advise it on the takeover bid. Show More Summary
Warren Buffett's Berkshire-Hathaway owns 400 million shares of Coca-Cola. It's one of his company's top common-stock investment positions alongside Kraft Heinz, Wells Fargo, IBM and American Express. For that reason, several folks who caught up with Wall Street Journal real estate reporter Candace Taylor's scoop that Buffett has put a longtime Laguna Beach, Calif. vacation...
Unilever CEO Paul Polman may have staved off an unsolicited $143 billion bid approach by Kraft Heinz but the sudden strategic review to boost profitability and placate investors show that his position hangs in the balance.
Kraft Heinz’s aborted $143 billion bid for Unilever could nudge General Mills, Mondelez and others into seeking deals.
Unilever, the company behind Ben & Jerry's, Hellman's mayonnaise, and Dove, is up 6.6% at $38.20 a share on Wednesday morning. It's been a busy last few days for the company, which was approached by Kraft Heinz with a surprise $143 billion takeover offer last Friday. Show More Summary
The consumer goods company said it would seek to “accelerate delivery of value for the benefit of our shareholders” after Kraft Heinz backed away from a deal.