collected by :Tod Hinery
referring to This development is obviously bad for Unilever unless Kraft changes its mind and comes back to the table but what’s it mean for Kraft?
In Kraft’s case, its own share price moved materially higher because, most likely, of two overlapping things.
Because of this, I can only imagine a similar reaction for shares of Kraft as we’re seeing with Unilever.
What the proposed deal looked likeAccording to Unilever, the Kraft merger proposal was pretty straightforward.
As you can see in the image below, Kraft is, first and foremost, a US company.
as declared in A statement read that:Unilever and Kraft Heinz hereby announce that Kraft Heinz has amicably agreed to withdraw its proposal for a combination of the two companies.
As quickly as the surprise proposed acquisition of Unilever (NYSE:UL)(NYSE:UN) by Kraft Heinz (NASDAQ:KHC) came, it has gone again.
ConclusionFor holders of Kraft Heinz, it will be interesting to watch how they move after the failed Unilever bid.
In other words, has Kraft Heinz now buried its proposed bid for Unilever or merely put it to bed for now?
If Kraft Heinz found an unreceptive acquiree today, they may find an unobtainable one in the future.
The Kraft Heinz Company (KHC), Ford Motor Company (F) – The Wellesleys News
as declared in It has been assigned a low target price of $69 and a high target price of $110.
It has been assigned a low target price of $10 and a high target price of $17.
Sell-side analyst recommendations point to a short term price target of $95.53 on the shares of The Kraft Heinz Company (KHC).
The Kraft Heinz Company (NASDAQ:KHC) shares ended at $96.65 with 29.98 mln shares exchanging hands.
Sell-side analyst recommendations point to a short term price target of $13.41 on the company shares.