Kraft Heinz Sours in Its Pursuit of Unilever, but Thirst for a Deal Remains to Be Quenched
A few short days after its interest in wide-moat Unilever was made public, narrow-moat Kraft Heinz conceded it was abandoning its bid (which on Feb. 17 amounted to $50 per share, or $156 billion on an enterprise basis, equating to around 17-18 times trailing EBITDA). We had speculated that Kraft Heinz would need to up the ante above the 18% premium to Unilever’s stock price prior to the announcement, but it has also been reported that an additional factor leading to the deal's demise stemmed fro...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.