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Michel
Gabrysiak

Contributor / President of the Finance Foundation


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143 billion$ is the price of Unilever, for KraftHeinz; No is the answer. Shall we wait and see ?

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02/17/2017 | 04:23pm CEST

   


            Kraft Heinz wants to buy Unilever for the bagatelle of 143 billion dollars. It is backed by Warren Buffet and the 3G fund from Brazil. 

            Needless to say that, Unilever said no. Is it because they are really not interested, or is it because they want more money? We shall know in some time.

            If it happens, it would be the biggest takeover in history. Is it because Brexit seems to be happening, or would it be the same in any circumstances? The latter is more than probable. 

            The shares of Unilever have been going down, but this has nothing to do with Brexit.

            Of course, the millions above are to be paid in cash and shares. And we don’t know whether the cash will be debt or not.

            One thing is certain. Big corporations are becoming bigger and bigger. Giant corporations are literally taking over the world. Their extraordinary size leads to ask the fundamental question:

            Who is in charge? Those giants firms, or small governments? No doubt that governments and parliaments should talk about it and think about it. 

 

 


Michel Gabrysiak
© The Finance Foundation 2017
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