, Columnists
Let the Food-Deal Frenzy Begin
After Kraft Heinz and 3G went in another direction, time for the passed-over targets to cook up deals of their own.
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Packaged-food investors, you're out of luck ... for now.
Speculation about 3G Capital's next target has been bubbling since the private equity firm orchestrated the merger of Kraft Foods Group Inc. and H.J. Heinz in 2015. We finally know what it's chosen: Unilever on Friday confirmed Kraft Heinz Co. had offered $143 billion to acquire the European consumer goods giant. It's an unusual choice: Unilever makes some grocery-store staples like Lipton tea that jibe with Kraft Heinz's products, but the bulk of its revenue comes from home and personal-care offerings.