{"id":651744,"date":"2017-02-20T04:08:41","date_gmt":"2017-02-20T04:08:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/20\/kraft-heinz-withdraws-usd-143-bn-offer-for-unilever\/"},"modified":"2017-02-20T04:08:41","modified_gmt":"2017-02-20T04:08:41","slug":"kraft-heinz-withdraws-usd-143-bn-offer-for-unilever","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/20\/kraft-heinz-withdraws-usd-143-bn-offer-for-unilever\/","title":{"rendered":"Kraft Heinz withdraws USD 143 bn offer for Unilever"},"content":{"rendered":"

Kraft Heinz has withdrawn its USD 143 bn offer for Unilever<\/strong> just two days after it confirmed it was interested in the transaction. Kraft Heinz\u2019s board \u2014 which includes Warren Buffett among its members \u2014 voted to walk away as the \u201calternative would have been to pursue a public and possibly costly fight against Unilever, a bulwark of British and Dutch business\u201d after Unilever made it clear it was not interested in talks, the New York Times<\/a> notes.<\/p>\n","protected":false},"excerpt":{"rendered":"

Kraft Heinz has withdrawn its USD 143 bn offer for Unilever just two days after it confirmed it was interested in the transaction. Kraft Heinz\u2019s board \u2014 which includes Warren Buffett among its members \u2014 voted to walk away as the \u201calternative would have been to pursue a public and possibly costly fight against Unilever, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-651744","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"57d9ffbf-b1c2-4f2a-a7b2-c409077cf848","order":"0","is_powered_by":true,"section_story_id":"6e32e62f-9348-4358-96e5-9076f9a051e8","story_type":"1","photo_url":"","photo_position":"above","related_issue":[651728],"teaser":"","voice_url":""},"yoast_head":"\nKraft Heinz withdraws USD 143 bn offer for Unilever - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/20\/kraft-heinz-withdraws-usd-143-bn-offer-for-unilever\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kraft Heinz withdraws USD 143 bn offer for Unilever\" \/>\n<meta property=\"og:description\" content=\"Kraft Heinz has withdrawn its USD 143 bn offer for Unilever just two days after it confirmed it was interested in the transaction. Kraft Heinz\u2019s board \u2014 which includes Warren Buffett among its members \u2014 voted to walk away as the \u201calternative would have been to pursue a public and possibly costly fight against Unilever, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/20\/kraft-heinz-withdraws-usd-143-bn-offer-for-unilever\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-20T04:08:41+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/20\/kraft-heinz-withdraws-usd-143-bn-offer-for-unilever\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/20\/kraft-heinz-withdraws-usd-143-bn-offer-for-unilever\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Kraft Heinz withdraws USD 143 bn offer for Unilever\",\"datePublished\":\"2017-02-20T04:08:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/20\/kraft-heinz-withdraws-usd-143-bn-offer-for-unilever\/\"},\"wordCount\":84,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/20\/kraft-heinz-withdraws-usd-143-bn-offer-for-unilever\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/20\/kraft-heinz-withdraws-usd-143-bn-offer-for-unilever\/\",\"name\":\"Kraft Heinz withdraws USD 143 bn offer for Unilever - 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Whomever outbids on this one is probably going to shell out in excess of USD 2.9 bn for the acquisition.","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":560389,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/25\/unilever-invested-egp-1-bn-in-egypt-operations-in-2020-eyes-new-facilities\/","url_meta":{"origin":651744,"position":1},"title":"Unilever invested EGP 1 bn in Egypt operations in 2020, eyes new facilities","author":"enterpriseam admin","date":"25 February 2021","format":false,"excerpt":"Unilever spent EGP 1 bn on its Egypt operations last year as part of plans to ramp up its exports over the coming years, Unilever Egypt Chairman Ashraf Bakry told Al Mal. It\u2019s unclear how much of this figure is capital expenditure, but at least EGP 200 mn went towards\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/364.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":651786,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/21\/what-were-tracking-on-21-february-2018-2\/","url_meta":{"origin":651744,"position":2},"title":"What we\u2019re tracking on 21 February 2018","author":"enterpriseam admin","date":"21 February 2017","format":false,"excerpt":"CORRECTION- The proposed stamp tax rate on stock market transactions is five thousandths, or 0.5%, not as we mentioned incorrectly in yesterday\u2019s issue 0.005%. We apologise and regret the error. Our plan is to dust off our primary school math books, read them, then commit seppuku afterwards. The entry has\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":651674,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/what-were-tracking-on-19-february-2017\/","url_meta":{"origin":651744,"position":3},"title":"What we\u2019re tracking on 19 February 2017","author":"enterpriseam admin","date":"19 February 2017","format":false,"excerpt":"Keep an eye on the EGP today. The pound is flirting with the EGP 16.00 barrier this morning, with the CBE quoting a 16.0038 \/ 16.1062 buy \/ sell split in its table of average market rates for Thursday. Anecdotal evidence over the weekend suggests to us that small-time USD\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645032,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/10\/unilever-targets-15-y-o-y-growth-in-2017\/","url_meta":{"origin":651744,"position":4},"title":"Unilever targets 15% y-o-y growth in 2017","author":"enterpriseam admin","date":"10 July 2017","format":false,"excerpt":"Unilever is targeting growth levels of around 15% y-o-y in 2017, Unilever Mashreq Managing Director Ashraf Bakry tells Al Shorouk. The company invested EGP 500 mn in a new detergent plant that opened last year and plans to expand its investments in Egypt, exporting at least half of its output\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":556609,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/04\/fmcg-giants-pg-and-unilever-are-turning-to-streaming-and-gaming-can-you-survive-an-empty-nest-a-new-cold-war-on-the-horizon\/","url_meta":{"origin":651744,"position":5},"title":"FMCG giants P&G and Unilever are turning to streaming and gaming. + Can you survive an empty nest? + A new Cold War on the horizon?","author":"enterpriseam admin","date":"4 October 2021","format":false,"excerpt":"? \u200b\u200bFrom the dumpster fires that are our social media feeds, we offer you the following gems this afternoon for your kind consideration: Even if you don\u2019t love Paris as much as we love Paris, you need to see the City of Light in this colorized film originally shot in\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/346.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/651744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=651744"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/651744\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/651728"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=651744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=651744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=651744"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=651744"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=651744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}