Kraft Heinz shares rise on spurned buyout offer for Unilever

Kraft Heinz shares rose 11 percent to $96.57 Friday after it confirmed that it made an offer to buy European consumer goods giant Unilever and had been rejected. Unilever's U.S.-listed shares jumped 14 percent, to $48.53 Friday.

February 19, 2017 at 5:19AM
An Opel car with a sign reading 'quality second hand car' is offered for sale by a Peugeot dealer in Gelsenkirchen, Germany, Tuesday, Feb. 14, 2017. France's PSA Group, maker of Peugeot and Citroen cars, says it's exploring a takeover of Opel, General Motors' money-losing European business.(AP Photo/Martin Meissner)
GM’s stock rose after news that its money-losing car business, Opel, above, may be bought. (The Minnesota Star Tribune)

Food intrigue: Kraft Heinz shares rose 11 percent to $96.57 Friday after it confirmed that it made an offer to buy European consumer goods giant Unilever and had been rejected. Unilever's U.S.-listed shares jumped 14 percent, to $48.53 Friday.

Unhealthy: Molina Healthcare Inc. shares plunged 18 percent to $49.35 Thursday, the day after the California-based insurer said losses related to its participation in the Affordable Care Act marketplace led to "clearly unacceptable" earnings for 2016. Molina shares closed the week at $48.23.

Social good: Groupon shares jumped 23 percent to $4.64 percent Wednesday on strong revenue after the company reported earnings for the first time since announcing its acquisition of Living Social in October. Groupon shares closed Friday at $4.66.

Car talk: General Motors jumped 4.8 percent, to $37.21 Tuesday following news that France's PSA Group, maker of Peugeot and Citroen cars, is exploring a deal to buy Opel, GM's money-losing European business. GM shares closed Friday at $37.22.

Major lasers: Cynosure shares rose 28 percent to $65.93 Tuesday after the maker of devices used in laser body contouring agreed to be bought by Hologic. Cynosure shares closed Friday at $66.25. Hologic shares, down 3.8 percent to $38.51 on the news, closed the week at $40.

Cool buyout: Zeltiq Aesthetics jumped 13.3 percent, to $55.95 Monday after Allergan said it would buy the company, whose CoolSculpting system helps people reduce bulges of fat. Zeltiq closed Friday at $55.67.

news services

about the writer

about the writer

More from Business

See More
card image
Troy Thies Photography

Bryan Anderson with SALA Architects renovated his Bryn Mawr neighborhood house with his partner and earned a Home of the Month honor.

card image
card image