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Continued: Deal speculation intensifies in food business

  • Article by: MIKE HUGHLETT , Star Tribune
  • Last update: June 8, 2014 - 9:20 AM

Cost cutting has been paramount on 3G’s agenda. Since August, Heinz has announced nearly 2,000 layoffs and the closing of three plants.

“There still is a lot of chatter over whether another packaged food company could be targeted for a deal like Heinz,” said Morningstar’s Lash. Kellogg and Campbell Soup have been mentioned as the most likely possibilities, she said, General Mills less so.

“It’s not out of the realm of possibility [to see a Heinz-like deal], but it’s hard to make that call,” Lash said.

 

Mike Hughlett • 612-673-7003

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