Warren Buffett withdraws his plan to create the world’s No. 2 food-and-beverage company

On Sunday, Kraft Heinz Co. withdrew its Warren Buffett-backed bid for Unilever, which would’ve created the world’s No. 2 food-and-beverage company, as Bloomberg reports.

"The decision to back off so quickly after Unilever said it’s not interested might seem illogical. Buffett’s Berkshire Hathaway Inc. has roughly $80 billion in cash that’s barely earning anything. And the proposed deal would’ve invested some of that in partnership with the private-equity firm 3G Capital, which has already made him a lot of money." 

"The most unusual thing about Kraft Heinz’s abortive bid for Unilever is that it became public. Most of the time, no one hears about the takeovers that Buffett opts not to pursue" Bloomber emphasizes. Κάνοντας Like στο Facebook ενημερώνεστε άμεσα για τα νέα άρθρα -->
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