HALISTER: Kraft Heinz Said to Mull Colgate-Palmolive Buy: Street Insider

Kraft Heinz Said to Mull Colgate-Palmolive Buy: Street Insider

(Bloomberg) -- Kraft Heinz said to have lined up tens of billions in financing from banks to help buy Colgate-Palmolive, StreetInsider said, citing source familiar.
  • Deal could value Colgate-Palmolive at as much as $90b
  • CL rises as much as 7.4% after report
  • Kraft Heinz declined to comment to StreetInsider; Colgate- Palmolive didn’t respond to request for comment
  • NOTE: Yday, Colgate CEO Said to Be Open to Sale at $100/Share: New York Post

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
COLG PA (Colgate Palmolive)
CL US (Colgate-Palmolive Co)
KHC US (Kraft Heinz Co/The)

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