A proposed $143 billion takeover of consumer giant Unilever by family-backed Kraft Heinz has been withdrawn less than 48 hours after the deal was first tabled.
A proposed $143 billion takeover of consumer giant Unilever by family-backed Kraft Heinz has been withdrawn less than 48 hours after the deal was first tabled.
Kraft Heinz made an initial offer on 17 February but withdrew it on 19 February with both companies issuing an unusual joint statement: “Unilever and Kraft Heinz hold each other in high regard. Kraft Heinz has the utmost respect for the culture, strategy and leadership of Unilever.”
AB InBev-SAB Miller deal approved by shareholders; Puig to buy stake in Brazil's Granado; and Toyota develops a new technology to improve agri production
AB InBev-SAB Miller deal approved by shareholders
Family-controlled brewer AB InBev won approval for its $100 billion-plus takeover of rival SABMiller, paving the way for the third-largest merger in corporate history.
Shareholders from both companies voted overwhelmingly in favour of the acquisition. The new combined company will posses an estimated 46% of global beer profits and 27% of global volume.
Subway founder Fred DeLuca dies at 67; Family brewers eye $275bn mega merger; and Madison Square Garden to split entertainment and media businesses
Subway founder Fred DeLuca dies at 67
Fred DeLuca, the billionaire founder and president of American sandwich franchise Subway, died this week after a two-year battle with leukaemia. He was 67.
The second-generation Italian immigrant started small with his first sandwich shop in Bridgeport, Connecticut in 1965. He called it Pete’s Super Submarines.
