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Kraft Heinz has to settle for marinating Unilever

from Reuters

Almost nothing made by Kraft Heinz or Unilever has an expiration date of just two days — except, that is, for their $143 billion merger. Kraft, the American ketchup-and-cheese concern controlled by Brazilian investment firm 3G, withdrew an offer to acquire its Anglo-Dutch counterpart after an inopportune leak put the knickers of British politicians and unions in a twist. But the idea of pairing 3G's ruthless cost management with Unilever's innovative bent won't easily fade from shareholders' minds. more


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