Kraft/3G Deal Implications Mixed for U.S. Food, RBC Says
2015-03-25 09:23:24.71 GMT
By Gaurav Panchal
(Bloomberg) -- With exception of PF, BGS, MDLZ,
implications of a Kraft Foods acquisition, if confirmed, would
be mixed for US food, RBC Capital says.
* On negative side, other food companies speculated to be 3G
targets (CPB, GIS, K) would have that long-term possibility
diminished, likely off the table for at least several years:
RBC
* On positive side, if US food company executive teams, boards
and shareholders will increasingly view 3G’s food company as
a relevant benchmark for productivity: RBC
* Says deal potentially positive for Mondelez, Pinnacle Foods,
B&G due to disposals of non-core/regional business by
Kraft/3G
* Earlier views:
* 3G Bid for Kraft a Reason Why AB InBev Won’t Buy
SABMiller: RBC Link
* Kraft Not A Key Company 3G Would Consider As a Target:
Bernstein Bernstein Link
* 3G/Heinz Acquiring Kraft Wouldn’t Be a Complete
Surprise: BofAML Link
* 3G/Heinz Acquiring Kraft Wouldn’t Be a Complete
Surprise: BofAML Link</li></ul>
* 3G Said to Plan to Merge Kraft With Heinz Link
Link to Company News:{PF US <Equity> CN <GO>}
Link to Company News:{BGS US <Equity> CN <GO>}
Link to Company News:{MDLZ US <Equity> CN <GO>}
Link to Company News:{KRFT US <Equity> CN <GO>}
Link to Company News:{4071428Z US <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the reporter on this story:
Gaurav Panchal in London at +44-20-3525-0511 or
gpanchal2@bloomberg.net
To contact the editor responsible for this story:
James Cone at +44-20-3525-2572 or
jcone@bloomberg.net
2015-03-25 09:23:24.71 GMT
By Gaurav Panchal
(Bloomberg) -- With exception of PF, BGS, MDLZ,
implications of a Kraft Foods acquisition, if confirmed, would
be mixed for US food, RBC Capital says.
* On negative side, other food companies speculated to be 3G
targets (CPB, GIS, K) would have that long-term possibility
diminished, likely off the table for at least several years:
RBC
* On positive side, if US food company executive teams, boards
and shareholders will increasingly view 3G’s food company as
a relevant benchmark for productivity: RBC
* Says deal potentially positive for Mondelez, Pinnacle Foods,
B&G due to disposals of non-core/regional business by
Kraft/3G
* Earlier views:
* 3G Bid for Kraft a Reason Why AB InBev Won’t Buy
SABMiller: RBC Link
* Kraft Not A Key Company 3G Would Consider As a Target:
Bernstein Bernstein Link
* 3G/Heinz Acquiring Kraft Wouldn’t Be a Complete
Surprise: BofAML Link
* 3G/Heinz Acquiring Kraft Wouldn’t Be a Complete
Surprise: BofAML Link</li></ul>
* 3G Said to Plan to Merge Kraft With Heinz Link
Link to Company News:{PF US <Equity> CN <GO>}
Link to Company News:{BGS US <Equity> CN <GO>}
Link to Company News:{MDLZ US <Equity> CN <GO>}
Link to Company News:{KRFT US <Equity> CN <GO>}
Link to Company News:{4071428Z US <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the reporter on this story:
Gaurav Panchal in London at +44-20-3525-0511 or
gpanchal2@bloomberg.net
To contact the editor responsible for this story:
James Cone at +44-20-3525-2572 or
jcone@bloomberg.net