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Post by rgs2001uk on Feb 18, 2017 22:29:55 GMT 7
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rubl
Crazy Mango Extraordinaire
The wondering type
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Post by rubl on Feb 18, 2017 22:57:46 GMT 7
I fear you overestimate my influence  The Anglo-Dutch company Unilever has firmly rejected the Kraft-Heinz take-over bid of US$137 billion. (Public) arguments 'low price' (US$50 per share) and 'no financial or strategic advantages'. Of course Unilever is also a bit bigger than Kraft-Heinz with Euro 118 billion against US$100 billion. Last year K-H had 42,000 employees and revenue of euro 24 billion, Unilever 169,000 employees, revenue euro 52.74 billion. Profit, no idea, still searching. Unilever seems to have real many people, but with globalisation being fought, layoffs might be difficult. Also no idea if 'real many' is 'too many'. Need to analyse workforce, or as Sir Humphry said 'we might let go the odd tea lady' |
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rubl
Crazy Mango Extraordinaire
The wondering type
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Post by rubl on Feb 18, 2017 23:01:48 GMT 7
"Household goods and food group Unilever is preparing to mount a fierce defence against a takeover bid by Kraft Heinz after rebuffing the US company’s initial £115bn offer, one of the largest in corporate history. Kraft Heinz, whose brands include Philadelphia and WeightWatchers, vowed to keep up its pursuit despite Unilever insisting that there was “no merit, strategic or financial” to a deal. The US firm’s attentions drew fire from trade union Unite, which branded Kraft “predatory” and predicted that any deal would trigger job losses among the two companies’ combined UK workforces of nearly 9,000. It said Kraft Heinz, backed by Brazilian private equity group 3G Capital and Berkshire Hathaway – the investment vehicle of billionaire investment guru Warren Buffett – was out to make a “quick buck”." www.theguardian.com/business/2017/feb/17/unilever-rejects-kraft-heinz-mega-merger |
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siampolee
Detective
Alive alive O
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Post by siampolee on Feb 19, 2017 7:20:12 GMT 7
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me
Crazy Mango Extraordinaire
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Post by me on Feb 19, 2017 10:41:58 GMT 7
He just gets back to basics. Most recipes use Worsterchere sauce Worcestershire sauce is a fermented liquid condiment made with anchovy, vinegar, onions, molasses, high-fructose corn syrup, salt, garlic, tamarind, cloves, chili powder extract, “natural flavoring” and water. |
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rubl
Crazy Mango Extraordinaire
The wondering type
Posts: 23,597
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Post by rubl on Feb 19, 2017 10:52:05 GMT 7
He just gets back to basics. Most recipes use Worsterchere sauce Worcestershire sauce is a fermented liquid condiment made with anchovy, vinegar, onions, molasses, high-fructose corn syrup, salt, garlic, tamarind, cloves, chili powder extract, “natural flavoring” and water. I like it if only because it contains all of the stuff my doctor tells me to stay away from  |
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me
Crazy Mango Extraordinaire
Posts: 6,342
Likes: 3,980
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Post by me on Feb 19, 2017 11:04:58 GMT 7
He just gets back to basics. Most recipes use Worsterchere sauce Worcestershire sauce is a fermented liquid condiment made with anchovy, vinegar, onions, molasses, high-fructose corn syrup, salt, garlic, tamarind, cloves, chili powder extract, “natural flavoring” and water. I like it if only because it contains all of the stuff my doctor tells me to stay away from OK....I know....one of these days I will remember that it is the buttons above that count. |
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rubl
Crazy Mango Extraordinaire
The wondering type
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Post by rubl on Feb 20, 2017 14:02:29 GMT 7
Can't claim any influence on this, but it seems Kraft-Heinz has withdrawn it's proposal for a merger with Unilever. On Sunday the two companies announced that K-H had kindly agreed to withdraw the plan.
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rubl
Crazy Mango Extraordinaire
The wondering type
Posts: 23,597
Likes: 8,954
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Post by rubl on Mar 19, 2017 22:32:45 GMT 7
It does seem that Unilever has been rudely woken up and shaken a bit. As far as I can see (without subscribing) there is no mention of HP Sauce though. "Lord Paul Myners urges takeover crack down as Unilever eyes £6bn sale of Flora and Stork division Former City minister Lord Myners has weighed into the debate over the UK’s takeover regime, urging the government to toughen up the rules to protect prized companies from foreign bidders. His comments come days after Unilever boss Paul Polman called for the takeover code to be strengthened in the wake of a shock £115bn approach from Kraft Heinz, the first ever major threat to the Anglo-Dutch giant’s independence. Writing exclusively for the Sunday Telegraph, Lord Myners, who led Marks & Spencer's defence against Sir Philip Green's acrimonious bid while chairman of the chain, hit out at Theresa May for failing to step in to “protect prize assets”. Companies such as Unilever that employ thousands of people in the UK should be shielded from “opportunistic dealmakers” seeking a quick way to deliver short-term shareholder value, he said. " www.telegraph.co.uk/business/2017/03/18/lord-paul-myners-urges-takeover-crack-unilever-eyes-6bn-sale/ |
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