Earnings this week : May 13 - 17, 2019 (wk 20)

 

Monday (May 13)

• Premarket: CPRX    

• After-Hours:  BILI HOLI IIIV IMMR KRNT LM MIME NVGS STE STNE TME TTWO

Tuesday (May 14)

• Premarket:  AZZ BEST CTST CYBR GDS HUD MIXT RL TAK

• After hours:  A ACB DOX EGHT FSM NEWR PAGS TCS TLRY

Wednesday (May 15)

• Premarket:  BABA ERJ M PLCE PPDF RUBY TSEM TSG
• After hours:  CSCO DDS FLO FTCH JACK NTES TRQ VRTU ZTO

Thursday (May 16)

• Premarket:  AZZ EXP FRO KEM MANU MMYT NICE QIWI WIX WMT

• After hours:  BOOT AINV AMAT NVDA BIDU IQ HUYA PINS

Friday (May 17)

• Premarket:  CAE DE LX
• After hours:  

Papa John's International (PZZA) to be acquired?

 

****  QSR ****

Restaurants Brands (QSR), which is the parent company of Burger King, Popeye's Louisiana Kitchen and Tim Hortons, could team up with ousted former CEO John Schnatter and investment capital firm 3G Capital to make the purchase, according to DealReporter.

Papa John's management began accepting submitted offers for an acquisition last year, according to a Reuters report in September. The company was thrown into disarray following the ouster of Schnatter, who stepped down in July following reports that he used a racial slur during a conference call.

Schnatter has not gone quietly, however, last year suing the company he founded. Last week, a judge ruled that the company had to hand over corporate records to Schnatter.

Separately, Papa John's announced that it appointed Marvin Boakye as its first chief people officer.

"Boakye's expertise will help us to continue to push Papa John's forward in our transformation to become a better place to work for our 120,000 corporate and franchise team members," said Papa John's President and CEO Steve Ritchie. "In our search for a chief people officer, our goal was to identify a proven talent development leader with expertise in driving organizational change.

==Mondelez (MDLZ) to be acquired by Kraft Heinz (KHC) ?

(Bloomberg)—Mondelez International jumped in extended trading on a report that the global snack giant may be acquired by Kraft Heinz, the food company backed by Warren Buffett's Berkshire Hathaway and Jorge Paulo Lemann's 3G Capital.

Mondelez surged 9.7 percent to $47 at 4:27 p.m. in New York. Kraft Heinz advanced 1.9 percent. The Swiss economic magazine Bilanz reported on the possible takeover, citing a person it didn't identify.

Berkshire and 3G have been expanding in the food industry, taking ketchup maker H.J. Heinz private in 2013 and then merging it with Kraft Foods Group last year. The combined company has gained in market value as 3G slashed costs by cutting jobs and shutting factories. Mondelez, the maker of Oreo cookies, was previously part of Kraft, and the companies split in 2012.





** Update 15 Dec 2016 **
(Bloomberg) — Kraft Heinz Co. is not currently in talks to acquire Mondelez International Inc., according to people familiar with the matter.

An earlier report that the U.S. snack maker could be a target for the company sent shares higher. The report came from the magazine Bilanz, which cited a person it didn’t identify.

Mondelez rose 4.7 percent at 4:57 p.m. Chicago time yesterday while Kraft Heinz advanced 2.6 percent after Bilanz magazine reported that Kraft Heinz, backed by Warren Buffett’s Berkshire Hathaway Inc. and Jorge Paulo Lemann’s 3G Capital, is planning a takeover, citing an unidentified source.

A spokesman for Mondelez declined to comment. Representatives for Kraft Heinz didn’t immediately respond to a request for comment.

Berkshire and 3G have been expanding in the food industry. They took ketchup maker H.J. Heinz private in 2013 and then merged it with Kraft Foods Group Inc. last year. The combined company has gained in market value as 3G slashed costs by cutting jobs and shutting factories. Mondelez, the maker of Oreo cookies, was previously part of Kraft, and the companies split in 2012.