Heinz Sells Assets for $506 Million

http://www.wkrc.com ^ | 2/22/2006 9:30:01 AM | www.wkrc.com

[ATOMIC_PUNK]

H.J. Heinz Co. said Tuesday it was selling its European seafood business to Lehman Brothers Merchant Banking for $506 million.

The transaction is subject to customary EU competition review and approval. Pending regulatory approval, Heinz expects to complete the transaction by the end of March 2006.

This major transaction successfully focuses our portfolio in Europe on three core categories: Ketchup and Sauces; Infant Nutrition; and Meals and Snacks, said a Heinz spokesman.

[SmithL]

Campaign season already?

[Darkwolf377]

From the Lehman site:

"Henry Lehman, an immigrant from Germany,"

So the Europeans are going to trust their ketchup needs to an AMERICAN who immigrated from GERMANY?

Hellooooo! Do you people remember World War II? Started by...?

I can't believe Europe is going to let a German immigrant to America (which is worse?) get into their ketchup supply. Hmm, weren't there POISON GASSES manufactured in Germany?!??

I think the President is all wrong on this. The Democrats are going to make such hay. At least Jimmy Carter is against it...no, actually he's for it. I hope the EU nations get together and oppose this deal with a company with ties to a guy who lived in the nation of Nazism (!) less than two centuries ago. Come on, EU nations, I'm calling on you--England, Italy, Germany! Uh...

;P

[AuH2ORepublican]

Is that a new tagline? If not, I can't believe I hadn't noticed it before, it's great.

[Echo Talon]

Ahhh don't eat Heinz ketchup! Europe is a breeding ground for terrorists! Richard Reid and the people who blew up the subway were British citizens! /sarcasm

[quantim]

Infant Nutrition

[nopardons]

Terresssssssssssssssssssssssa only has some shares and NO controlling authority nor say so in that company at all.

[nopardons]

LOL

[singfreedom]

Good. But I don't buy it anyway. Name association, or something.....

[Frwy]

So does this mean JFsKerry has already funded his campaign. It would be such a pitty if he spends all that wifey GREEN and then gets the floor wiped up with his sorry butt. NOT!

I know I can't take seeing his ugly sKerry kisser day after weary day. And the other prospect isn't any better. It's going to be a tedious time folks.

[RIGHT IN LAS VEGAS]

ketchup sucks

[SmithL]

Pretty cool, huh? I found (and adopted) it earlier this year. It's easier than remembering to include sarcasm tags on all my posts.

[nopardons]

Well, I buy it; it's THE best ketchup there is and Terry has absolutely NOTHING at all to do with how the company is run! Neither has she a say so in anything at all, re that company.

[Westlander]

http://www.undueinfluence.com/heinz.htm

By the way, stay away from Boston Market (Heinz).

[ATOMIC_PUNK]

Yea i don't like it either

[ozzymandus]

Don't forget the german ties to 9/11!!!!!! I heard from Jack Cafferty that 2(!) of the hijackers once rode in a Volkswagen!!!!!

[tcrlaf]

I wonder if she'll use that cool half Billion to buy Gin-soaked Raisins for us little folk???

[Westlander]

When you do some reading what that junk is made of, eating polypropylene is healthier. Heinz has the most 'fillers' in it.

[Alter Kaker]

"Henry Lehman, an immigrant from Germany," So the Europeans are going to trust their ketchup needs to an AMERICAN who immigrated from GERMANY? Hellooooo! Do you people remember World War II? Started by...?

Henry Lehman may have been German, but he was also Jewish, a rare condition for a Nazi. He also died before Hitler was born, another small detail.

[Darkwolf377]

Henry Lehman may have been German, but he was also Jewish, a rare condition for a Nazi. He also died before Hitler was born, another small detail.

I thought the excess !!!!!! and hysterical tone would have alerted you, but I am going to have to resign myself to writing after every sarcastic post. Although others seemed to catch it.

Sarcasm, dude, it was sarcasm.

[Darkwolf377]

Don't forget the german ties to 9/11!!!!!! I heard from Jack Cafferty that 2(!) of the hijackers once rode in a Volkswagen!!!!!

Ah HA!

Hey, why not, it makes as much sense as this "They're all Arabs" attitude?

[Cobra64]

Campaign season already?

It appears that is the situation.

[taxesareforever]

Isn't this a case of outsourcing?And I am sure I heard kerry rant and rave about the evils of outsourcing,

[TYVets]

ketchup sucks

Heinz Ketchup sucks.

There are many other brands of ketchup available on the shelves of my favorite grocery store.

[Prophet in the wilderness]

Getting out of the EU or Europe while the getting is good ?.
Or getting out of Europe before the Mooslims take over and declare ( opps, they already did with the west and the USA ) have full scale war on the EU and the west ?

[napscoordinator]

By the way, stay away from Boston Market (Heinz).

Sorry can't do that. I love that place. Boycotts (only in my opinion) don't work anyway. I have never witnessed a business going under because of a boycott.

[NonValueAdded]

Yeah, but she and her brats get rich off the profits. I don't care whether or not she is running the place but I DO care if I'm helping in any way to fund sKerry's adventures.

[SmithL]

stay away from Boston Market (Heinz).

This is not an issue that I work to stay current on, but I thought Boston Market was bought by McDonald's.