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Stock Market & Financial Investment News

News Breaks
December 27, 2012
04:56 EDTIBM, MDLZ, KRFTIBM, Kraft Foods extend SAP engagement until Sep. 2015
IBM (IBM) and Kraft Foods (KRFT), part of the Mondelez International group of companies (MDLZ), announced the extension of their engagement until September 2015 to continue helping Kraft in their strategy of implementing three SAP instances globally in three years. This includes the roll-out of a corporate template to harmonize business process across their Developing Markets in CEE and MEA.
News For IBM;KRFT;MDLZ From The Last 14 Days
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March 25, 2015
08:07 EDTKRFTBuffett says will hold about 320M shares of newly combined Kraft-Heinz
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08:03 EDTKRFTBuffett says Kraft Foods deal 'in the works' for four weeks or so
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07:28 EDTMDLZ, KRFTOptions expected to be active
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06:19 EDTKRFTKraft Foods to host conference call
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06:08 EDTKRFTKraft Foods, H.J. Heinz merge to form The Kraft Heinz Company
Privately held H.J. Heinz Company and publicly held Kraft Foods Group (KRFT) announced that they have entered into a definitive merger agreement to create The Kraft Heinz Company, forming the third largest food and beverage company in North America. Under the terms of the agreement, which has been unanimously approved by both Heinz and Kraft's boards, Kraft shareholders will own a 49% stake in the combined company, and current Heinz shareholders will own 51% on a fully diluted basis. Kraft shareholders will receive stock in the combined company and a special cash dividend of $16.50 per share. The aggregate special dividend payment of approximately $10B is being fully funded by an equity contribution by Berkshire Hathaway (BRK.A) and 3G Capital. The special cash dividend payment represents 27% of Kraft's closing price as of March 24. Together the new company will have eight $1B-plus brands and five brands between $500M-$1B. Warren Buffett, Chairman and CEO of Berkshire Hathaway said, "I am delighted to play a part in bringing these two winning companies and their iconic brands together. This is my kind of transaction, uniting two world-class organizations and delivering shareholder value. I'm excited by the opportunities for what this new combined organization will achieve." When the transaction closes, Alex Behring, Chairman of Heinz and the Managing Partner at 3G Capital, will become the Chairman of The Kraft Heinz Company. John Cahill, Kraft Chairman and CEO, will become Vice Chairman and chair of a newly formed operations and strategy committee of the board. Bernardo Hees, CEO of Heinz, will be appointed CEO of The Kraft Heinz Company. The Kraft Heinz Company will be co-headquartered in Pittsburgh and the Chicago area. The synergy potential includes an estimated $1.5B in annual cost savings implemented by the end of 2017. Synergies will come from the increased scale of the new organization, the sharing of best practices and cost reductions, the companies said. The transaction is expected to be EPS accretive by 2017. Once the transaction is complete, The Kraft Heinz Company plans to maintain Kraft's current dividend per share, which is expected to increase over time. Kraft has no plans to change its dividend prior to closing. The special cash dividend of $10B in the aggregate to existing Kraft shareholders will be paid upon closing and will be funded by an equity investment by Berkshire Hathaway and 3G Capital. Shares of the company will continue to be publicly traded. As the cash consideration is fully funded by common equity from Berkshire Hathaway and 3G Capital, the merger is not expected to increase the debt levels of The Kraft Heinz Company. The transaction is subject to approval by Kraft shareholders, receipt of regulatory approvals and other customary closing conditions and is expected to close in the second half of 2015. Lazard served as exclusive financial advisor for Heinz, and Centerview Partners served as exclusive financial advisor for Kraft.
06:02 EDTKRFTKraft Foods, H.J. Heinz announce definitive merger agreement
H.J. Heinz Company and Kraft Foods Group (KRFT) announced that they have entered into a definitive merger agreement to create The Kraft Heinz Company, forming the third largest food and beverage company in North America. Under the terms of the agreement, which has been unanimously approved by both Heinz and Kraft's boards, Kraft shareholders will own a 49% stake in the combined company, and current Heinz shareholders will own 51% on a fully diluted basis. Kraft shareholders will receive stock in the combined company and a special cash dividend of $16.50 per share. The aggregate special dividend payment of approximately $10B is being fully funded by an equity contribution by Berkshire Hathaway (BRK.A) and 3G Capital.
March 24, 2015
19:21 EDTKRFTKraft Foods up 15% after WSJ report that 3G Capital in talks to buy company
19:18 EDTKRFT3G Capital in talks to acquire Kraft Foods, WSJ reports
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06:26 EDTKRFTKraft in talks with Academy of Nutrition over endorsement claims, WSJ says
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March 23, 2015
16:35 EDTIBMRambus licenses patents and technology solutions to IBM, terms undisclosed
Rambus (RMBS) announced it has signed both patent and technology license agreements with IBM (IBM). The patent license agreement authorizes IBM to integrate Rambus memory controller and serial link interface technologies. The technology license agreement will have Rambus develop and deliver high-performance memory interface design IP to enhance IBM systems and semiconductor offerings. Specific terms of the agreements are confidential.
06:00 EDTIBMAMD's former CEO may join Dell, Re/code reports
According to sources, former AMD (AMD) CEO Rory Read is close to a deal to join Dell, Re/code reports. Read, who also previously worked at Lenovo (LNVGY) and IBM (IBM), could become COO and president for global commercial sales at Dell. An announcement may come as early as today, the sources say. Reference Link
March 20, 2015
09:05 EDTIBMJefferies Euro offshore IT services analyst has analyst/industry conference call
Analysts discusses the market growth in Ofshore IT Services in Continental Europe which is expected to outpace project growth in the U.S., with Cognizant Technology Solutions/EPAM Systems best positioned and IBM/Hewlett Packard disadvantaged on an Analyst/Industry conference call to be held on March 20 at 10 am.
March 19, 2015
10:46 EDTIBMChinese firms using IBM technology in server chips, WSJ says
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09:04 EDTIBMIBM invests in Modernizing Medicine
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08:45 EDTIBMHouse Permanent Select Committee on Intelligence to hold a hearing
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March 17, 2015
17:37 EDTKRFTKraft Foods voluntaril˝y recalls some cases of Macaroni & Cheese Dinner
Kraft Foods Group is voluntarily recalling approximately 242,000 cases of select code dates and manufacturing codes of the Original flavor of Kraft Macaroni & Cheese Dinner ľ due to the possibility that some boxes may contain small pieces of metal. The recalled product is limited to the 7.25-oz. size of the Original flavor of boxed dinner with the "Best When Used By" dates of September 18, 2015 through October 11 with the code "C2" directly below the date on each individual box
07:12 EDTIBMDeutsche Messe to hold a conference
CeBIT 2015 is being held in Hannover, Germany on March 15-20.
March 16, 2015
12:56 EDTIBMIBM protest of Army contract an incremental negative for CACI, says Maxim
According to a Washington Technology article, IBM (IBM) successfully protested a $158M Army-payroll contract awarded to CACI (CACI). Maxim expects the contract to be re-evaluated and for CACI to still prevail and win, but the revenue ramp will take longer than previously anticipated. The firm rates CACI a Buy with a $101 price target.
12:54 EDTIBMContract awarded to CACI protested by IBM, Washington Technology reports
A $158M Army payroll and personnel contract that was awarded to CACI (CACI) has been successfully protested by IBM (IBM) and the contract has been dismissed, Washington Technology reports. Reference Link
March 15, 2015
16:14 EDTIBMBlackBerry collaborates with IBM, Samsung on SecuTABLET
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