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Article By: The Fly
Tuesday, February 21, 2017 2:09 PM EST
Shares of Mondelez are on the rise following a news report saying that the company could re-emerge as a takeover target after Kraft Heinz withdrew it's bid to acquire Unilever.
Article By: Tyler Durden
Sunday, February 19, 2017 1:24 PM EST
The proposed transaction would have been the largest-ever takeover in the food or beverage industry, and would have created a company with combined sales of nearly $85 billion, second only to Swiss giant Nestle.
Article By: ValueWalk
Sunday, February 19, 2017 9:23 AM EST
Kraft Heinz is smaller than Unilever, with a market value of $106 billion as of Thursday, it is 50.9-percent owned by Buffett’s Berkshire Hathaway Inc and 3G Capital, which also controls Anheuser-Busch InBev.