Not every announced spinoff reaches the finish line as a clean distribution. Some get paused or cancelled. Some get sold. Some turn into an IPO, a private-equity investment, and a much longer wait. This week’s roundup is about those almost-spinoffs: deals that are still worth watching, even if the original plan has changed. Kraft Heinz Puts The Breakup… Read More »
Kraft Heinz Failed Merger To End In Spinoff Kraft Heinz (KHC)’s board has completed its summer homework and turned in the assignment. In July, we discussed reports that Kraft Heinz would spinoff its grocery business, and, immediately after Labor Day, after the last slow days of summer, the grocery spinoff is official. As is typical, the announcement trumpets the… Read More »
Humans are nothing if not pattern recognition machines. Even in random data, we see patterns. So Bloomberg’s report that Jorge Paulo Lemann’s 3G is expected by some to be ready to do another large deal is no surprise. Never mind that the supposition is based on a mere two data points: two years separated 3G’s 2013 acquisition of… Read More »