Hints and tips:
...US private equity group Clayton, Dubilier and Rice has triumphed in the four-month long takeover battle for Wm Morrison with a bid of £9.97bn including debt for the UK’s fourth-largest supermarket....
...The outcome of the £10bn battle to buy UK supermarket chain Wm Morrison will be decided in a one-day auction on October 2, the takeover regulator has ruled....
...The battle for Wm Morrison looks set to enter a fourth month after shares in the supermarket chain surged above the level of the latest takeover proposal....
...Shares in Wm Morrison surged 30 per cent to 232p in early trading on Monday following an approach for the UK supermarket chain from US private equity firm Clayton, Dubilier & Rice....
...Berkshire reported a multibillion-dollar writedown in 2019 on its stake in Kraft Heinz, which came roughly two years after the big consumer company failed to get a takeover of Unilever over the line....
...WeWork alleges that Son along with his lieutenants encouraged Trustbridge Partners, one of the minority investors, not to do so — thereby giving him an out on the buyout....
...One scoop to start: Masayoshi Son explored an audacious leveraged buyout of SoftBank over the weekend with investors including Elliott Management and Mubadala before opting for asset sales to fund a huge...
...(FT) News round-up Anadarko Boosted CEO’s Payout Just Before $33 Billion Chevron Merger (WSJ) SoftBank’s Masayoshi Son lost $130m in mistimed bitcoin bet (FT) Thomas Cook/Fosun: beached wail (FT) Anglo...
...Having said that a young investor — in particular, the son of an FT journalist — would do as well in the S&P as in Berkshire, Buffett provides a clue: “I think your son will learn more by being a shareholder...
...Richard Walker, the son of founder Malcolm, is now running the business, suggesting the family is not looking for an exit from its profitable niche....
...These investors want to get high (so high) A private equity consortium including Bob Marley’s youngest son bought Trans-High Corporation (THC, if you’re hip) for $70m....
...In fact, the 87-year-old from Nebraska is happy to keep the current management at Pilot, which is led by Jimmy Haslam, son of the founder (Bloomberg has a good story about him here)....
...He is the grandson of Ferdinand Porsche, who founded VW, and the son of Anton Piëch, the carmaker’s chairman after the second world war....
...Last year, Gogo, the in-flight internet company, became the latest corporation to move its headquarters from the suburbs to downtown Chicago, following the likes of Motorola Solutions, ConAgra, and Kraft Heinz...
...He also teamed up with 3G Capital to create the Kraft Heinz combination in 2014 as well as Burger King’s merger with Tim Hortons to create Restaurant Brands International....
...Kraft Heinz, as the combined company is known, has already made financial sense for some of its investors, notably Warren Buffett....
...WM Morrisons’ former chairman has admitted he was building a £6m stake in rival supermarket Sainsbury’s at around the same time that he was locking horns with his own company’s management....
...His oldest son Julio Mario Jr died in 2009 at the age of 51. DD...
...Wm Morrison (Retail) 139. BT (Telecommunications) 140. TSB (Finance) 141. Staples (Retail) 142. Telefonica (Telecommunications) 143. American Airlines (Travel & Tourism) 144....
...Earnings reports include Kraft Heinz, Time Inc., News Corp, Walt Disney and Weight Watchers....
...One of the reasons that Kraft Foods is combining with Heinz is to sell its products outside the US....
...Three years later they joined up with Warren Buffett to buy Heinz, in a $27bn acquisition that turned out to be a mere prelude to the $46bn megadeal announced this week....
...It is a remarkable achievement for the multi-billionaire son of a US congressman. But Mr Buffett has pulled it off....
...There will be a chairman, which Mr Buffett hopes will be his son Howard, a chief executive officer and one or more chief investment officers....
...As the Wall Street Journal reported, Heinz has since been on a diet, Just a few days after the deal closed in June, Heinz executives gathered for their annual leadership meeting at a swanky San Francisco...
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