maxsort_date=41416.609109;
batchsize=3;
event_count=3;
year=2013;
month=5;
day=23;
hour=9;
minute=16;
second=36;
event_date=2013-04-30 11:09:04;
sort_date=41394.464630;
Chief Pulse Comment by William R Johnson
event_date=2013-04-27 00:47:18;
sort_date=41391.032847;
"We believe that 3G Capital's strategy to use Heinz as a platform for international growth is consistent with the company's attractive growth opportunities, especially in emerging markets," said Brian Weddington, a Moody's analyst. "However, we expect that in the near term, the focus will be applying its expertise in extracting major cost efficiencies to try to quickly improve
Heinz's operating margins and generate stronger cash flow" to pay down about $14 billion in debt and cover $720 million a year in preferred dividends to Berkshire, Weddington said.
Share:
<span class="sent">"We believe that 3G Capital's strategy to use <span class="company">Heinz</span> as a platform for international growth is consistent with the company's attractive growth opportunities, especially in emerging markets," said <span class="analyst">Brian Weddington</span>, a Moody's analyst.</span> "However, we expect that in the near term, the focus will be applying its expertise in extracting major cost efficiencies to try to quickly improve <span class="company">Heinz</span>'s operating margins and generate stronger cash flow" to pay down about $14 billion in debt and cover $720 million a year in preferred dividends to Berkshire, Weddington said.
Tweet this
read full story
