[CNBC Television] Kraft Heinz nears deal to sell Planters brand to Hormel Foods: WSJ

🎯 Загружено автоматически через бота: 🚫 Оригинал видео: 📺 Данное видео принадлежит каналу «CNBC Television» (@CNBCtelevision). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал. ✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его. 📃 Оригинальное описание: Kraft Heinz is nearing a deal to sell its Planters snack business to Hormel Foods, which owns Skippy Peanut Butter. CNBC’s “Squawk Box“ crew discuss. For access to live and exclusive video from CNBC subscribe to CNBC PRO: Kraft Heinz is nearing a deal to sell its Planters brand to Spam owner Hormel for roughly $3 billion, The Wall Street Journal reported Tuesday. Hormel’s stock spiked more than 6% on the report before closing up 3.9% at $. Shares of Kraft Heinz closed down less than 1% at $. Citing people familiar with the matter, the newspaper said that the deal could be announced as early as next week if the talks don’t fall apart. As part of Kraft Heinz’s multiyear turnaround effort, executives told investors in September that they have changed from looking at its portfolio as a series of products to how it can fulfill different consumer needs. The company has also been trimming less popular products from its lineup and sold part of its cheese business to Lactalis for $3.2 billion. Planters is best known for its nuts and snack mixes and its mascot, Mr. Peanut. In recent years, the brand’s biggest splash came from an advertising campaign last year that killed off Mr. Peanut and resurrected him as a baby in its Super Bowl spot. The campaign sparked a New Yorker cartoon and a “Saturday Night Live” cold open. This year, the brand is giving away the $5 million it would have spent on an ad during the big game. Kraft Heinz came to own Planters through a series of mergers. Kraft’s acquisition of Nabisco Brands in 2000 brought the nut brand into its portfolio, then Kraft merged with Heinz in a 2015 megadeal. Kraft Heinz and Hormel declined to comment. Kraft Heinz’s stock is up 13.6% over the past year, bringing its market value to $40.5 billion. Hormel’s stock has a market value of $26.3 billion, after rising 3% over the past 12 months. » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC #CNBCTV