Got a credit card? use our Credit Card & Finance Calculators
Thanks to Anonymous,bruncher,niord,gvonge,Shelford, for Donating to support the site
The Kraft Heinz Company Statement Regarding Unilever plc
Forum rules
Tight HYP discussions only please - OT please discuss in strategies
Tight HYP discussions only please - OT please discuss in strategies
-
- Lemon Half
- Posts: 8442
- Joined: November 4th, 2016, 11:20 am
- Has thanked: 937 times
- Been thanked: 4247 times
Re: The Kraft Heinz Company Statement Regarding Unilever plc
https://www.bloomberg.com/news/articles ... r-unilever
by Devin Banerjee
19 February 2017, 17:40 GMT
Kraft Heinz Co. said it has amicably withdrawn its offer to acquire Unilever.
I wonder why? Maybe problems with Dutch laws, mentioned in the press today.
TJH
by Devin Banerjee
19 February 2017, 17:40 GMT
Kraft Heinz Co. said it has amicably withdrawn its offer to acquire Unilever.
I wonder why? Maybe problems with Dutch laws, mentioned in the press today.
TJH
-
- 2 Lemon pips
- Posts: 130
- Joined: November 4th, 2016, 1:03 am
- Has thanked: 24 times
- Been thanked: 15 times
Re: The Kraft Heinz Company Statement Regarding Unilever plc
I hope the merger doesn't happen
You're ok....it's been called off.....
http://www.bbc.co.uk/news/business-39022692?ns_mchannel=social&ns_campaign=bbc_breaking&ns_source=twitter&ns_linkname=news_central
You're ok....it's been called off.....
http://www.bbc.co.uk/news/business-39022692?ns_mchannel=social&ns_campaign=bbc_breaking&ns_source=twitter&ns_linkname=news_central
-
- The full Lemon
- Posts: 10554
- Joined: November 4th, 2016, 9:33 am
- Has thanked: 3682 times
- Been thanked: 5339 times
Re: The Kraft Heinz Company Statement Regarding Unilever plc
It must be true - it's been on the Beeb!
I'd guess the problems stemming from European or dual Law considerations may well have put the kibosh on this, in which case is there a hint on the way to go for our future? The Dutch seem to have got it right with these large companies: it is not good enough just to consider the interest of shareholders or directors (who stand to profit enormously).
Arb.
I'd guess the problems stemming from European or dual Law considerations may well have put the kibosh on this, in which case is there a hint on the way to go for our future? The Dutch seem to have got it right with these large companies: it is not good enough just to consider the interest of shareholders or directors (who stand to profit enormously).
Moderator Message:
text removed off topic, adds nothing to the thread. Raptor.
text removed off topic, adds nothing to the thread. Raptor.
Arb.
-
- 2 Lemon pips
- Posts: 130
- Joined: November 4th, 2016, 1:03 am
- Has thanked: 24 times
- Been thanked: 15 times
Re: The Kraft Heinz Company Statement Regarding Unilever plc
Mmm....or maybe it was something a little more obvious......
http://www.cityam.com/259392/kraft-hein ... l-unilever
City A.M. understands Kraft was not prepared to sweeten its offer to a degree that would tempt Unilever's top shareholders.
City analysts also believe investors were unimpressed by Kraft's advances.
"I guess Unilever's big shareholders told them where to go in talks this weekend," said Joshua Raymond, director at London foreign exchange broker XTB.
http://www.cityam.com/259392/kraft-hein ... l-unilever
City A.M. understands Kraft was not prepared to sweeten its offer to a degree that would tempt Unilever's top shareholders.
City analysts also believe investors were unimpressed by Kraft's advances.
"I guess Unilever's big shareholders told them where to go in talks this weekend," said Joshua Raymond, director at London foreign exchange broker XTB.
-
- Lemon Slice
- Posts: 494
- Joined: November 4th, 2016, 2:24 pm
- Has thanked: 2 times
- Been thanked: 98 times
Re: The Kraft Heinz Company Statement Regarding Unilever plc
So. Unilever directors state emphatically that $50 (say £40) fundamentally undervalued the company. So let's say they reckon true value is £50.
I trust we will see those same directors buying several million pounds of shares tomorrow, as I think they'll be about £35.
Hold on is that a flock of pigs floating across the sky
Of course I may be wrong and Mr Market may give a fair value of £40/£50. Let's see.
I trust we will see those same directors buying several million pounds of shares tomorrow, as I think they'll be about £35.
Hold on is that a flock of pigs floating across the sky
Of course I may be wrong and Mr Market may give a fair value of £40/£50. Let's see.
-
- Lemon Quarter
- Posts: 4184
- Joined: November 4th, 2016, 9:42 pm
- Has thanked: 1016 times
- Been thanked: 1858 times
Re: The Kraft Heinz Company Statement Regarding Unilever plc
toofast2live wrote:I trust we will see those same directors buying several million pounds of shares tomorrow, as I think they'll be about £35.
Hold on is that a flock of pigs floating across the sky
CEO Paul Polman already holds over £16m worth, the CFO Jean-Marc Huët has over £6m, exec. director Graeme Pitkethly has nearly £1m and non-exec director Michael Treschow about half a million. http://www.digitallook.com/equity/Unile ... ctor-deals
How much more do you want them to buy?
-
- Lemon Slice
- Posts: 424
- Joined: November 5th, 2016, 10:12 am
- Has thanked: 297 times
- Been thanked: 118 times
Re: The Kraft Heinz Company Statement Regarding Unilever plc
"For immediate release 19 February 2017
Joint Statement from Unilever PLC and Unilever N.V. (“Unilever”) and The Kraft Heinz Company (“Kraft Heinz”)
Unilever and Kraft Heinz hereby announce that Kraft Heinz has amicably agreed to withdraw its proposal for a combination of the two companies.
Unilever and Kraft Heinz hold each other in high regard. Kraft Heinz has the utmost respect for the culture, strategy and leadership of Unilever."
It's over! Let's see what happens to the SP when the Market opens Monday morning! GLA........
Joint Statement from Unilever PLC and Unilever N.V. (“Unilever”) and The Kraft Heinz Company (“Kraft Heinz”)
Unilever and Kraft Heinz hereby announce that Kraft Heinz has amicably agreed to withdraw its proposal for a combination of the two companies.
Unilever and Kraft Heinz hold each other in high regard. Kraft Heinz has the utmost respect for the culture, strategy and leadership of Unilever."
It's over! Let's see what happens to the SP when the Market opens Monday morning! GLA........
-
- The full Lemon
- Posts: 19361
- Joined: November 4th, 2016, 3:58 pm
- Has thanked: 657 times
- Been thanked: 6915 times
Re: The Kraft Heinz Company Statement Regarding Unilever plc
Tymeric wrote:"I guess Unilever's big shareholders told them where to go in talks this weekend," said Joshua Raymond, director at London foreign exchange broker XTB.[/i]
Maybe so, but those "big shareholders" are probably pension funds and other institutions that are managing the money of others. And those "others" might just fire their fund managers if they keep turning down bids worth $50 only to see the share price go back down to $40 as a result.
Unless Unilever get religion, I suspect this won't be the end of some kind of activist or arbitrage activity.
-
- Lemon Quarter
- Posts: 4184
- Joined: November 4th, 2016, 9:42 pm
- Has thanked: 1016 times
- Been thanked: 1858 times
Re: The Kraft Heinz Company Statement Regarding Unilever plc
YeeWo wrote:"For immediate release 19 February 2017
Joint Statement from Unilever PLC and Unilever N.V. (“Unilever”) and The Kraft Heinz Company (“Kraft Heinz”)
http://news.heinz.com/press-release/fin ... inz-compan
No doubt it will be an RNS in the morning.
-
- Lemon Quarter
- Posts: 3169
- Joined: November 4th, 2016, 11:12 am
- Has thanked: 3734 times
- Been thanked: 1539 times
Re: The Kraft Heinz Company Statement Regarding Unilever plc
Isn't there something odd here? Why would KH make a low-end bid and then when - quite predictably - gets immediately rebuffed just walk away? What changed their minds? I presume a company such as KH does some in-depth preparation before getting to the starting blocks.
RC
RC
-
- The full Lemon
- Posts: 10554
- Joined: November 4th, 2016, 9:33 am
- Has thanked: 3682 times
- Been thanked: 5339 times
Re: The Kraft Heinz Company Statement Regarding Unilever plc
Well. Lootman
Not if they are interested in long term gains, they won't. Pretty absurd to get annoyed over a price which was too low to start with, but never really existed in the sense that the bid hadn't gone through! Nowt so queer as folk.
And as for arbitrage: those pesky Americans causing trouble again, is my view.
And those "others" might just fire their fund managers if they keep turning down bids worth $50 only to see the share price go back down to $40 as a result.
Unless Unilever get religion, I suspect this won't be the end of some kind of activist or arbitrage activity.
Not if they are interested in long term gains, they won't. Pretty absurd to get annoyed over a price which was too low to start with, but never really existed in the sense that the bid hadn't gone through! Nowt so queer as folk.
And as for arbitrage: those pesky Americans causing trouble again, is my view.
-
- Lemon Quarter
- Posts: 1286
- Joined: November 4th, 2016, 10:42 am
- Has thanked: 249 times
- Been thanked: 421 times
Re: The Kraft Heinz Company Statement Regarding Unilever plc
DrBunsenHoneydew wrote:Predict effect on share price tomorrow?
Fall perhaps ! Maybe even a buying opportunity if the market overreacts. I have some funds ready to deploy if that happens.
A bizarre episode. Looks as though Kraft just didn't do their homework. One has to wonder about murkier reasons. Will any of the insider traders be pursued?
No matter. I suspect that over the next few months Unilever's share price, which had already been on an upward trend, may settle at a somewhat higher level than the pre-offer £33. Nothing like a bid to occasion a re-rating.
-
- Lemon Quarter
- Posts: 3601
- Joined: November 7th, 2016, 1:56 pm
- Has thanked: 1615 times
- Been thanked: 1437 times
Re: The Kraft Heinz Company Statement Regarding Unilever plc
ReformedCharacter wrote:What changed their minds?
A phone call from Theresa May
-
- Lemon Quarter
- Posts: 3169
- Joined: November 4th, 2016, 11:12 am
- Has thanked: 3734 times
- Been thanked: 1539 times
Re: The Kraft Heinz Company Statement Regarding Unilever plc
moorfield wrote:ReformedCharacter wrote:What changed their minds?
A phone call from Theresa May
Ah, well spotted! Now reported by the Daily Telegraph.
RC
-
- Lemon Quarter
- Posts: 1058
- Joined: November 4th, 2016, 10:18 am
- Has thanked: 19 times
- Been thanked: 164 times
Re: The Kraft Heinz Company Statement Regarding Unilever plc
I suspect that Kraft has not been so crafty after all. As I mentioned earlier, I doubt that they took into account the dual nationality of Unilever and that they were not just dealing with the UK regulators but also Dutch, but it makes Kraft Heinz look a bit silly does it not? Why go to all that trouble as has been said, surely knowing that a first approach would be rebuffed, and then simply walk away?
Anyway I am happy and it may well sharpen up Unilever and its share price, although I would have thought that it will fall back tomorrow.
Keep calm and carry on.
Dod
Anyway I am happy and it may well sharpen up Unilever and its share price, although I would have thought that it will fall back tomorrow.
Keep calm and carry on.
Dod
-
- Lemon Quarter
- Posts: 2829
- Joined: November 7th, 2016, 8:22 am
- Has thanked: 68 times
- Been thanked: 1029 times
Re: The Kraft Heinz Company Statement Regarding Unilever plc
Moderator Message:
text removed. Not within the spirit of TLF or this topic. If you think it will need an intervention please do not post as moderators are part-time and volunteers and (usually) have better things to do. If you feel a previous post is off topic or not within the scope of the board, please just report it and let the mods decide. Raptor.
text removed. Not within the spirit of TLF or this topic. If you think it will need an intervention please do not post as moderators are part-time and volunteers and (usually) have better things to do. If you feel a previous post is off topic or not within the scope of the board, please just report it and let the mods decide. Raptor.
Now I'll just wait for a mod to tell me I am the one who is off topic.
Terry
-
- Lemon Quarter
- Posts: 2939
- Joined: November 4th, 2016, 11:18 am
- Has thanked: 1365 times
- Been thanked: 794 times
Re: The Kraft Heinz Company Statement Regarding Unilever plc
Wizard wrote:Arborbridge wrote:
Now I'll just wait for a mod to tell me I am the one who is off topic.
Terry
Or, in the spirit of a community board, you could report the previous post as off-topic and not be so sackcloth and ashes about it?
Mel
Edited to remove unacceptable text from quoted post. Raptor.
-
- Lemon Slice
- Posts: 494
- Joined: November 4th, 2016, 2:24 pm
- Has thanked: 2 times
- Been thanked: 98 times
Re: The Kraft Heinz Company Statement Regarding Unilever plc
Breelander wrote:toofast2live wrote:I trust we will see those same directors buying several million pounds of shares tomorrow, as I think they'll be about £35.
Hold on is that a flock of pigs floating across the sky
CEO Paul Polman already holds over £16m worth, the CFO Jean-Marc Huët has over £6m, exec. director Graeme Pitkethly has nearly £1m and non-exec director Michael Treschow about half a million. http://www.digitallook.com/equity/Unile ... ctor-deals
How much more do you want them to buy?
Those weren't bought they were granted. I want to see fists in pockets, Bree. Not options that dilute my holding, thanks.
Like I say, I wanna see some buying now they're so undervalued. Makes sense, no?
-
- Lemon Quarter
- Posts: 1058
- Joined: November 4th, 2016, 10:18 am
- Has thanked: 19 times
- Been thanked: 164 times
Re: The Kraft Heinz Company Statement Regarding Unilever plc
Thinking about all of this I cannot help thinking that Warren Buffet has had a hand in calling this off. He does not like hostile bids and my feeling is that he has said 'Wait a minute what the f**k are you doing? If you need my money............', or something similar.
Anyway be that as it may Kraft/Heinz has lost a lot of face as the Chinese would say and it will be hard to live down.
I am very happy to continue to hold Unilever indefinitely.
Dod
Anyway be that as it may Kraft/Heinz has lost a lot of face as the Chinese would say and it will be hard to live down.
I am very happy to continue to hold Unilever indefinitely.
Dod
-
- The full Lemon
- Posts: 10554
- Joined: November 4th, 2016, 9:33 am
- Has thanked: 3682 times
- Been thanked: 5339 times
Re: The Kraft Heinz Company Statement Regarding Unilever plc
Moderator Message:
text removed. TLF is not the place for this. Take it off-line. If this carries on I will pass on to the administrators for a decision. Raptor.
text removed. TLF is not the place for this. Take it off-line. If this carries on I will pass on to the administrators for a decision. Raptor.
Return to “HYP Practical (See Group Guidelines)”
Who is online
Users browsing this forum: No registered users and 29 guests