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Heinz Sells Assets for $506 Million
http://www.wkrc.com ^
| 2/22/2006 9:30:01 AM
| www.wkrc.com
Posted on 02/22/2006 10:40:51 PM PST by 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.
TOPICS: Business/Economy; Culture/Society; Foreign Affairs
KEYWORDS: elite; heinz
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To: 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!!!!!Ah HA!
Hey, why not, it makes as much sense as this "They're all Arabs" attitude?
21
posted on
02/22/2006 11:38:20 PM PST
by
Darkwolf377
(Dubai-u's fault--The Port Non-Issue is Hillary's Sistah Soulja moment)
To: SmithL
Campaign season already?It appears that is the situation.
22
posted on
02/23/2006 12:15:18 AM PST
by
Cobra64
To: ATOMIC_PUNK
Isn't this a case of outsourcing?And I am sure I heard kerry rant and rave about the evils of outsourcing,
23
posted on
02/23/2006 12:42:01 AM PST
by
taxesareforever
(Government is running amuck)
To: RIGHT IN LAS VEGAS
ketchup sucksHeinz Ketchup sucks.
There are many other brands of ketchup available on the shelves of my favorite grocery store.
24
posted on
02/23/2006 1:20:22 AM PST
by
TYVets
(God so loved the world he didn't send a committee)
To: SmithL
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 ?
To: Westlander
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.
To: nopardons
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.
27
posted on
02/23/2006 4:30:24 AM PST
by
NonValueAdded
("Washington Media: controversy, crap, and confusion" Sen. Alan Simpson)
To: napscoordinator; Westlander
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.
28
posted on
02/23/2006 8:57:02 AM PST
by
SmithL
(Sarchasm: The gulf between the author of sarcastic wit and the person who doesn't get it.)
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