graphic
News > Deals
Heinz may eye BestFoods
May 5, 2000: 12:53 p.m. ET

Report says Heinz hopes for friendly acquisition at $72 per share, or $20B
graphic
graphic graphic
graphic
NEW YORK (CNNfn) -   H.J. Heinz Co. reportedly is offering to buy BestFoods Co. for $72 per share, or more than $20 billion, according to a report published Friday in USA Today, which cited people familiar with the deal.

Anglo-Dutch consumer products leader Unilever (UL: Research, Estimates) also is pursuing BestFoods with a sweetened offer of $66 per share.

A spokesman for Pittsburgh-based Heinz  (HNZ: Research, Estimates) said his company had no comment on the story.

On Thursday, Unilever lifted its deadline for its BestFoods (BFO: Research, Estimates) bid and said it is willing to negotiate.

BestFoods brands include Hellmann's mayonnaise and Skippy peanut butter. Shares of BestFoods rose 2-3/16 to 64-1/4 in afternoon trading on the New York Stock Exchange. Heinz fell 1-1/8 to 37-1/4 and Unilever rose 3/8 to 23-5/8. Back to top

  RELATED SITES

BestFoods

Unilever

Heinz

Note: Pages will open in a new browser window
External sites are not endorsed by CNNmoney




graphic

© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Live Quotes automatically refresh, but individual equities are delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET.
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.
Home | Contact Us | Advertise with Us | Corrections | Career Opportunities | Site Map
RSS | Email Delivery | Portfolio | Podcasts | Mobile | Widgets | User Preferences | Special Sections
| Magazine Customer Service | Download Fortune Lists | Reprints | Conferences | Business Leader Council