Peers could feel the squeeze as Heinz cuts the fat


Heinz (HNZ) has cut hundreds of jobs and axed 11 senior executives since being bought out by Berkshire Hathaway and 3G Capital.

Part of the pressure on the company post-takeover is scrapping together the cash to pay out Berkshire's 9% dividend on preferred shares.

Analysts think the developments at Heinz are of interest to Campbell Soup (CPB) and Mondelez International (MDLZ) where the same tight cost discipline might become a priority.

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Comments (3)
  • Energysystems
    , contributor
    Comments (2038) | Send Message
     
    Wouldn't that be a....good thing?
    19 Sep 2013, 10:35 AM Reply Like
  • luckymulloy
    , contributor
    Comments (124) | Send Message
     
    PLEASE: The word is scraping.
    19 Sep 2013, 01:02 PM Reply Like
  • BeachChicken
    , contributor
    Comments (375) | Send Message
     
    Absolutely ... good to know I'm not the only one raising an eyebrow :)
    19 Sep 2013, 03:03 PM Reply Like
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