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Heinz will become a private company later this week now that regulators have approved Berkshire Hathaway and 3G Capital's $23.3 billion acquisition of the ketchup maker. Pittsburgh-based Heinz said Monday that the deal is expected to close on Friday.
Heinz Co. shares shortly before the takeover of the ketchup maker was announced. After the traders failed to appear at a hearing Friday in Manhattan, U.S. District Judge Jed Rakoff agreed to freeze the Goldman Sachs account until the case is resolved.
Heinz Co. reported sales in emerging markets continued to surge in the third quarter, while those in its North American consumer products segment dipped. But the Pittsburgh food company said it is on track to meet analysts' earnings expectations for
N.J. (AP) — Campbell Soup Co.'s second-quarter net income fell 14 percent as it spent more on marketing and revenue edged lower. But the results released Friday beat expectations as its soup business improved. The company's stock
Heinz Co., the world's largest ketchup maker, said Friday its fiscal second-quarter net income fell almost 6 percent but adjusted results narrowly beat expectations as emerging markets remained strong and higher prices offset a volume decline.
Heinz Co. says its fiscal second-quarter net income fell almost 6 percent but adjusted results narrowly beat expectations on higher prices and strength in emerging markets. Food makers have been raising prices to offset higher ingredient costs. But
Heinz Co.'s new Dip & Squeeze ketchup packets have been offered in Chick-fil-A and Dairy Queen restaurants but the packaging is now starting to become available to a broader swath of the public. The Pittsburgh food company is rolling out 10-packs of
During the ketchup maker's annual shareholders meeting, Johnson also stood by the profit forecast Heinz reaffirmed last week, when it posted first-quarter results. During fiscal 2011, Heinz bought Foodstar, the producer of Master soy sauces and
Heinz' first-quarter net income slipped 6 percent as the world's largest ketchup maker shuttered plants, but adjusted for one-time costs, it topped Wall Street expectations Tuesday thanks in part to sales in emerging markets. The
Heinz Co.'s fiscal first-quarter net income slipped 6 percent on charges related to some productivity initiatives, but adjusted results topped Wall Street's expectations as revenue climbed due to strength in emerging markets. The world's largest