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  • Kraft Heinz pulls plug on Unilever deal

    PITTSBURGH — Kraft Heinz has called off its $143 billion proposed merger with Unilever.

    “Unilever and Kraft Heinz hereby announce that Kraft Heinz has amicably agreed to withdraw its proposal for a combination of the two companies,” the companies said in a joint statement. “Unilever and Kraft Heinz hold each other in high regard. Kraft Heinz has the utmost respect for the culture, strategy and leadership of Unilever.”

  • Kraft Heinz proposes $143B merger with Unilever

    PITTSBURGH — Kraft Heinz proposed a $143 billion merger with Unilever, but Unilever rejected the bid, stating it undervalues its company.

    "Unilever rejected the proposal as it sees no merit, either financial or strategic, for Unilever's shareholders. Unilever does not see the basis for any further discussions,” the company said in a statement.

    Although Unilever rejected the initial proposal, this may not be Kraft Heinz’s only merger proposal.

  • NY Post: Walgreens-Rite Aid deal to be approved in 2 to 4 weeks

    WASHINGTON — The Federal Trade Commission is expected to approve Walgreens’s acquisition of Rite Aid in the next two to four weeks, reported the New York Post, citing two sources close to the situation.

  • Reports: Bristol-Myers Squibb could be takeover target

    PRINCETON, N.J. — Roche, Novartis and Pfizer are actively exploring a takeover of Bristol-Myers Squibb, while Gilead might be “considering the idea” of making an acquisition offer, according to reports from Streetinsider.com and Barrons.com. However, no deal is considered imminent.

  • Hedge fund manager buys significant stakes in Fred’s and Rite Aid

    GRAND CAYMAN, Cayman Islands — Well-known hedge fund manager David Einhorn, founder and CEO of Greenlight Capital, acquired significant stakes in both Fred’s Pharmacy and Rite Aid, according to Form 13F filings with the U.S. Securities and Exchange Commission released Tuesday.

  • Accenture finds shift in shopper expectations for loyalty programs
    NEW YORK — Organizations are throwing away billions of dollars annually on customer loyalty programs that just don’t work like they used to.
     
    This was revealed in the Accenture report, “Seeing Beyond the Loyalty Illusion: It’s Time You Invest More Wisely.” The study gauges the experiences and attitudes of 25,426 consumers around the world about their current loyalty relationship with brands and organizations.
     

  • Aetna and Humana walk away from merger deal

    HARTFORD, Conn. — Aetna and Humana on Tuesday walked away from a joint merger that was originally valued at $37 billion, the companies announced. The companies decided to mutually end their merger agreement following a ruling from the United States District Court for the District of Columbia granting a United States Department of Justice request to enjoin the merger.

  • Stop & Shop New York and New England divisions to merge

    QUINCY, Mass., and SALISBURY, N.C. — Ahold USA and Delhaize America unveiled plans to further strengthen their U.S. brands. This plan will be headlined by the merger of its Stop & Shop New York Metro and Stop & Shop New England Divisions into one brand organization.

     “Having a single brand organizational structure dedicated to Stop & Shop will strengthen the brand and will ensure it can better leverage its brand to serve the unique needs of customers in the different markets that Stop & Shop serves,” the company stated.

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