LONDON Kraft Heinz Co's rapid retreat from its surprise $143 billion bid for Unilever in the face of stiff resistance knocked the Anglo-Dutch company's shares on Monday as investors assessed the impact of the failed approach.
LONDON British Prime Minister Theresa May's office was not involved in Kraft Heinz's decision to withdraw its $143 billion bid for Unilever , her spokesman said on Monday.
LONDON Kraft Heinz's dropped bid to buy Unilever is the third-largest M&A deal to collapse, according to Thomson Reuters data, adding to a recent run of failures that highlights the appetite for the pursuit of audacious mega-mergers.
Restaurant Brands International Inc , owner of the Burger King and Tim Hortons fast-food chains, is nearing a deal to acquire Popeyes Louisiana Kitchen Inc , people familiar with the matter said on Monday.
Saudi Arabia is favoring New York to list state oil giant Saudi Aramco , while also considering London and Toronto for the prospect of floating the firm, the Wall Street Journal reported on Monday.
Acquire, slash costs, repeat. Billionaire investor Warren Buffet and buyout firm 3G Capital's failed $143 billion bid to combine their food conglomerate Kraft Heinz Co with Unilever Plc shows their winning formula now needs a growth boost.
JOHANNESBURG South Africa's Steinhoff and grocery retailer Shoprite called off a deal to create an African shopping giant on Monday, preventing leading investor Christo Wiese from bringing more of his retail assets under one roof.
BERLIN/LONDON Initial talks between the German government and carmakers PSA and General Motors have led to some encouraging signs that jobs at Opel factories will be preserved, though no guarantees have been made yet, a top official said on Monday.
BERLIN Initial talks between the German government and carmakers PSA and General Motors have led to some encouraging signals that jobs at Opel factories will be preserved, but no guarantees have been made yet, a top official said on Monday.
LONDON Prime Minister Theresa May will have a private conversation with the chief executive of Peugeot Carlos Tavares and is determined to protect Britain's car industry, her spokesman said on Monday.
WEST PALM BEACH, Fla./WASHINGTON U.S. President Donald Trump said on Monday that Lieutenant General Herbert Raymond McMaster would be his new national security adviser, again turning to the U.S. military to play a central role on his foreign policy team.