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HNZ

H. J. Heinz Company

6/18/2013, 10:36 PM ET

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Thursday, June 6, 5:43 AM The Australian Competition and Consumer Commission has blocked Heinz's (HNZ) proposed acquisition of organic baby food supplier Rafferty's Garden due to antitrust concerns. The deal would have resulted in "highly concentrated markets where barriers to entry and expansion are high," the regulator said. 2 Comments [M&A, Consumer]
Monday, June 3, 5:20 PM GM is finally returning to the S&P 500: the auto giant will replace Heinz (HNZ), which is getting acquired by Berkshire Hathaway and 3G Capital. GM +4.7% AH. 6 Comments [Consumer, On the Move, Breaking News, Top Stories]
Monday, June 3, 9:23 AM Heinz (HNZ) announces the receipt of all regulatory approvals for its sale to Berkshire Hathaway (BRK.A) and 3G Capital. The transaction is expected to close on or about June 7. (PR) 1 Comment [Consumer, M&A, Financials]
Thursday, April 11, 10:05 AM Burger King (BKW +2.9%) CEO Bernano Hees will leave the company to take the top job at Heinz (HNZ +0.1%). The exec will take the reigns after the takeover of Heinz by Berkshire Hathaway and 3G Capital is complete. 1 Comment [Consumer]
Tuesday, March 26, 10:02 AM The buyout of Heinz (HNZ +0.1%) by 3G Capital and Berkshire Hathaway lands early antitrust approval from the FTC. Comment! [Consumer]
Sunday, March 24, 6:00 AM H.J. Heinz (HNZ) has sold $3.1B of junk-rated bonds to help pay for its LBO by Berkshire Hathaway (BRK.A) and 3G Capital. The amount was well above the $2.1B initially planned and yielded record-low interest rates for speculative-grade debt. Comment! [Consumer, M&A]
Thursday, March 14, 7:00 AM Heinz (HNZ) plans to sell $2.1B worth of bonds and $12B in loans in order to help funds the acquisition by 3G Capital and Berkshire Hathaway. The food company thinks the 7.5-year senior notes will be floated in the next couple of weeks. Comment! [Consumer]
Wednesday, March 13, 10:28 AM Heinz (HNZ) declares $0.515/share quarterly dividend, in line with previous. Forward yield 2.84%. For shareholders of record Mar. 25. Payable Apr. 10. Ex-div date Mar. 21. (PR) Comment! [Dividends]
Friday, February 22, 4:41 AM Goldman Sachs (GS) has become ensnared in the investigation into the suspicious trading of Heinz (HNZ) options ahead of the announcement of its $28B buyout, with the account that carried out the trade owned a "private wealth client" of the bank. Goldman, which hasn't been accused of wrongdoing, said it doesn't have "direct access" to information about who owns the account. Given Swiss secrecy laws, the SEC will have a job finding out. 4 Comments [Financials]
Thursday, February 21, 5:50 PM Heinz (HNZ): FQ3 EPS of $0.99 beats by $0.09. Revenue of $2.93B (+2% Y/Y) misses by $60M. (PR) Comment! [Earnings, Breaking News, Consumer]
Thursday, February 21, 12:05 AM Notable earnings before Thursday’s open: AYR, CHK, CMS, DAN, DDS, DNR, ESV, FAF, FNP, GTXI, HEP, HNZ, HRL, HST, IMAX, IRC, LINE, LXP, PCG, PEG, PKD, PWR, PXP, SCG, SFL, SFY, SUI, SWY, TASR, THI, TK, TNK, WMT, WPRT, ZLC Comment! [Earnings]
Wednesday, February 20, 5:30 PM Notable earnings before Thursday’s open: AYR, CHK, CMS, DAN, DDS, DNR, ESV, FAF, FNP, GTXI, HEP, HNZ, HRL, HST, IMAX, IRC, LINE, LXP, PCG, PEG, PKD, PWR, PXP, SCG, SFL, SFY, SUI, SWY, TASR, THI, TK, TNK, WMT, WPRT, ZLC Comment! [Earnings]
Tuesday, February 19, 5:54 PM The FBI reportedly is launching a criminal investigation into certain trades made ahead of the $23B deal for Heinz (HNZ). Reports have at least one trader betting HNZ would gain 8.1% through June expiry, a trade that paid off more than 18x the investment when the deal was announced Feb. 14. Names of potential traders in the cross-hairs have not been released. (earlier) 4 Comments [Consumer]
Monday, February 18, 9:16 AM Mission accomplished at Heinz (HNZ), Nelson Peltz can turn his attention to Danone (DANOY.PK), where his fund disclosed a 1% stake in November (Trian white paper). It'll be a familiar playbook - forget acquisitions and focus on cutting costs and returning cash to shareholders. Whether an activist investor can have as much impact in France remains to be seen. Comment! [Quick Ideas]
Friday, February 15, 5:32 PM The SEC files suit against Swiss traders in Heinz (HNZ) call options and obtains an emergency order to freeze the assets in an account linked to the trading. The lawsuits cite "highly suspicious trading" just prior to the Feb. 14 news of the acquisition by Berkshire Hathaway (BRK.A, BRK.B) and 3G Capital. (earlier) 8 Comments [Consumer, Breaking News]
Friday, February 15, 9:56 AM A SEC filing (8-K) by Heinz (HNZ -0.2%) reveals that the merger agreement with Berkshire Hathaway includes a large $1.4B termination fee. Also buried in the document is word that J.P. Morgan and Wells Fargo have committed to provide $14.1B of new debt financing for the transaction. 3 Comments [Consumer]