Ketchup on hotdogs

US food giant Heinz is to merge with Kraft Foods Group, creating the third-largest food and beverage company in the US. Heinz shareholders will own 51% of the combined company with Kraft shareholders owning a 49% stake. The “mega deal” will create the world’s fifth-largest food and beverage company.  Its brands will include Kraft, Heinz, and hotdog maker Oscar Mayer, with combined sales worth some $29bn and a portfolio that includes eight $1 billion-plus brands.  Regulators and shareholders from Kraft ...

Firms look to spend their money as economies come out of recession

During recessionary times, firms will normally hold back from investments, especially as demand falls. With most major economies worldwide showing the early stages of a recovery and confidence levels among businesses and consumers increasing, large firms are beginning to review their growth options for the next few years. Growth strategies available for firms include external growth through mergers and acquisitions. In the US, merger and acquisition activity in the oil-and-gas industry has reached the highest first-quarter deal volume in more than ...