Unilever rejects £111 billion offer from Kraft Heinz

According to the Financial Times, the American giant Kraft Heinz Co (NASDAQ: KHC) confirmed it has offered to acquire Unilever for £112 billion, or roughly $139 billion. This represents a change from the opening price of 2.71%. However, Kraft Heinz signalled it would still pursue a deal. The stock grabbed 117 new institutional investments totaling 5,734,628 shares while 77 institutional investors sold out their entire positions totaling 5,996,332 shares. "So to win over a majority of Unilever's shareholders, we think Kraft Heinz will need to dig very deep indeed". The stock has a market cap of $106.24 billion, a P/E ratio of 38.42 and a beta of 0.42. The company reported its last quarter on Mar 15. The company is the world's fourth-largest consumer goods company by sales, with revenues previous year of €52.7 billion. Net profit margin of the company was recorded at 10.4 percent, operating profit margin was 21.9 percent, whereas gross profit margin stands at 36.9 percent. During the same period past year, the business posted $0.80 earnings per share.

Several research firms have weighed in on KHC.

Kraft Heinz (KHC) soared to the top of the S&P 500 today after making a $143 billion bid for Unilever (UL).

The 16 analysts offering 12-month price forecasts for Kraft Heinz Co have a median target of 95.00, with a high estimate of 115.00 and a low estimate of 69.00. The company's quarterly performance represents an optimistic momentum of 14.38 percent, with a surge of 1.16 percent in the stock price over the last one month.

Texas officials say ICE detained immigrant inside courthouse
In late 2016, Gonzalez made three police reports alleging that she had been punched, kicked, and chased with a knife by De Avila. Immigration and Customs Enforcement declined to comment Wednesday to questions about the incident.

Kraft Heinz shares were higher by nearly 4% in pre-market trading on Friday. Citigroup Inc. upgraded shares of The Kraft Heinz Company from a "sell" rating to a "neutral" rating in a report on Wednesday, January 11th.

Following the news, Mondelez dropped 5.2% pre-market, Kellogg -2% and General Mills -0.9%, as a potential deal has dampened speculation that other packaged food companies could be targets for KHC. The consensus analyst price target was nearly $39.00 prior to this breaking news.

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The Kraft Heinz Company is a food and beverage company.

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