(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.
Showing posts with label type 3 check. Show all posts
Showing posts with label type 3 check. Show all posts
Wednesday, December 14, 2016
Thursday, December 3, 2015
Pure Storage (PSTG) reported earnings Thur 3 Dec 2015 (before open)
** charts before earnings **
** charts after earnings **
Pure Storage beats by $0.13, beats on revs; sees Q4 revs above consensus :
Reports Q3 EPS of ($0.18) vs ($0.31) Capital IQ consensus; revs rose 167% YoY to $131.4 mln vs $107.4 mln consensus.
- Fourth Quarter Fiscal 2016 Guidance: Co sees revs in the range of $134-139 mln vs $122.9 mln consensus
** charts a week later **
A month later:
Tuesday, December 1, 2015
Monday, November 2, 2015
Friday, October 23, 2015
Acorda Therapeutics (ACOR) reported earnings on 10/22/15 b/o
** charts after earnings **
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- Acorda Therapeutics (ACOR) (biotechnology)
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Wednesday, October 21, 2015
SolarWinds (NYSE:SWI) agrees to be acquired in $4.5B deal
Update: In September 2018, SolarWinds filed for a public offering again, after three years of being owned by private equity firms. SolarWinds completed their public offering on October 19, 2018.
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- Austin software developer SolarWinds Inc. agreed to be bought by investment firms Thoma Bravo and Silver Lake Partners in a deal worth about $4.5 billion.
- The stock jumped 13% Oct. 9 when SolarWinds announced that it was reviewing strategic alternatives.
- California-based Silver Lake Partners also teamed with Michael Dell in a $24.9 billion leverage buyout of Dell Inc. in late 2013.
SanDisk (SNDK) acquired by Western Digital (WDC)
KLA-Tencor (KLAC) acquired by Lam Research (LRCX)
- KLA-Tencor (KLAC): Semiconductor equipment maker KLA-Tencor (KLAC) is being acquired by Lam Research (LRCX) in a $10.6 billion transaction. (10/21/15)
- In October 2016, the company announced it had terminated its offer for KLA-Tencor amidst concerns that the deal would not meet regulatory approval from the U.S. Department of Justice over antitrust concerns.
Monday, October 5, 2015
Monday, September 21, 2015
Friday, September 4, 2015
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