2017-02-20 21:49:14 | On The Fly: Top five weekend stock storiesCatch up on the weekend's top five stories with this list compiled by The Fly: 1. Just two days after Kraft Heinz (KHC) publicly confirmed a bid to acquire Unilever (UL), the two companies announced Sunday that Kraft "has amicably agreed to withdraw its proposal for a combination," with a company spokesperson telling media outlets, "Kraft Heinz's interest was made public at an extremely early stage. Our intention was to proceed on a friendly basis, but it was made clear Unilever did not wish to pursue a transaction." Speculating on what the news could mean for Kraft Heinz and its part owners 3G Capital and Berkshire Hathaway (BRK.A), the Financial Times argued over the weekend that the Brazilian investment firm could set its sights on a Mondelez (MDLZ) or General Mills (GIS). 2. Elsewhere in M&A news, Restaurant Brands (QSR) is reportedly in talks to buy Popeyes (PLKI), according to Bloomberg's sources, while Lumos Networks (LMOS) said it signed a deal to be acquired by EQT Infrastructure. 3. President's Day weekend brought a number of earnings reports, including from Community Health (CYH) and Nordson (NDSN), which also announced a $700M deal for Vention AT. 4. Time Warner's (TWX) "The Lego Batman Movie" topped the four-day box office with roughly $43M, while Comcast's (CMCSA) "Fifty Shades Darker" held onto second place and the studio's Chinese co-production "The Great Wall" opened above estimates. 5. General Motors (GM), Adient (ADNT), Home Depot (HD), Toshiba (TOSBF), Anthem (ANTM) and Synchrony (SYF) saw positive calls in Barron's, while Hess Corp (HES) and DineEquity (DIN) were discussed more negatively. | |
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