HALISTER1: Duterte Says Dirty Money Watchdog Told to Release His ‘Worth’

Duterte Says Dirty Money Watchdog Told to Release His ‘Worth’

(Bloomberg) -- President Rodrigo Duterte says allegations of hidden wealth are “pure garbage” but even so, he has ordered Anti-Money Laundering Council to give information on “what’s my worth in this, in terms of pesos, in this planet”
  • Duterte, in remarks Friday before Class 1967 of Philippine Military Academy, video clip of which was posted by Presidential Communications Office on its Facebook page, says he wants to ward off any corruption issues and so as not to embarrass military class that adopted him
  • “I said during the campaign that if any of my family, or I myself, would be involved in corruption in government, you can be sure, you have my word I will resign immediately”
  • Duterte says he only gets his salary and would forgo allowances; “I must set the example” as he intends to “hit hard against corruption”
  • NOTE: Duterte to Quit If Senator Proves $40 Million in Illegal Wealth Link
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Rodrigo Duterte (Republic of the Philippines)

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UUID: 7947283

HALISTER1: TRANSLATION: Valor: Fachin files inquiry against Lindbergh on Lava-Jet

TRANSLATION: Valor: Fachin files inquiry against Lindbergh on Lava-Jet

Alert: HALISTER1
Source: BES (Bloomberg Editorially Selected)

Tickers
PETR4 BZ (Petroleo Brasileiro SA)

People
Luiz Edson Fachin ((BRA)Federal Supreme Court)
Paulo Costa (Petroleo Brasileiro SA)
Rodrigo Janot (Federative Republic of Brazil)

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UUID: 7947283

HALISTER: Unilever Says Kraft Heinz Proposal Undervalues Company

Unilever Says Kraft Heinz Proposal Undervalues Company

(Bloomberg) -- Unilever says Kraft Heinz proposal represents a 18% premium to Unilever’s share price as of Feb. 16 close, this fundamentally undervalues Unilever.
  • Proposal received was that Unilever holders would get $50/share in a mix of $30.23/share in cash payable in U.S. dollars and 0.222 new enlarged entity shares per existing share
    • This valued Unilever at a total equity value of ~$143b
  • Unilever rejected the proposal as it sees no merit, either financial or strategic, for Unilever’s shareholders
  • Unilever doesn’t see the basis for any further discussions
  • Unilever recommends shareholders take no action
  • Kraft Heinz must either announce a firm intention to make an offer for Unilever under rule 2.7 of the code by not later than 5pm on March 17
  • Unilever confirms that announcement is not being made with the agreement of Kraft Heinz
  • Statement
  • As at Feb. 16 close, a mix of $30.23 in cash payable in U.S. dollars and 0.222 Kraft Heinz shares per existing Unilever share would value each Unilever common share at $49.61, representing a premium of 18% to Unilever’s share price
  • Related: Kraft Heinz Confirms it Approached Unilever on Merger
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
KHC US (Kraft Heinz Co/The)
UNA NA (Unilever NV)

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UUID: 7947283

HALISTER: Kraft Heinz Confirms it Approached Unilever on Merger

Kraft Heinz Confirms it Approached Unilever on Merger

(Bloomberg) -- Kraft Heinz confirms it has made proposal to Unilever about combining the two groups.
  • While Unilever has declined proposal, KHC says it looks forward to working to reach agreement on terms of transaction
  • KHC up 3.4% pre-market; Unilever up as much as 9.9% in Europe
  • UNA NA market cap EU132b, KHC market cap $106b: Bloomberg data
Link to Statement:Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
UNA NA (Unilever NV)

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UUID: 7947283