Unilever rejects Kraft Heinz’s initial bid

•February 22, 2017 • 9 Comments

712707-1487370751570591

http://seekingalpha.com/article/4047349-unilever-rejects-kraft-heinzs-initial-bid

Kraft Heinz has made an initial offer of $143 billion to acquire Unilever; its bid is likely to be raised.

Regulatory risk to the deal is significant, but both companies own so many brands that are, in effect, discrete businesses, that meeting regulatory demands should pose few problems.

The strategic rationale appears to favor Kraft Heinz shareholders, but full details of its intentions are not yet available.

On February 17, Kraft Heinz (Nasdaq:KHC) approached Unilever (NYSE:UL, NYSE:UN) with an offer to buy it out for $30.23 in cash plus 0.222 Kraft Heinz shares, a total consideration of some $143 billion and an 18% premium over Unilever’s closing share price the previous day. Unilever promptly rejected the offer in no uncertain terms, but Kraft Heinz indicated to the press that it intends to pursue the idea.

The offer certainly has an element of opportunism to it, which doubtless has not impressed the target. Unilever’s share price has suffered since October as a result of a weaker-than-expected Q3 report and an uninspiring revenue growth outlook. Prior to that, Kraft Heinz’s proposed deal structure did not look anywhere near so generous, although it still offered a premium.

Markets’ reaction to the bid suggests that arbitrageurs are not expecting the matter to end with Unilever’s initial rejection of the idea. Unilever ended the day up 13.4%, yet the price premium of Kraft Heinz’s offer remained 9.4%. This is because Kraft Heinz’s share price also rose on the announcement, by 10.7% ─ a fairly remarkable development for a company making so large an offer.

Unilever is probably right to hang tough on valuation grounds: while it certainly faces some challenges in recapturing the unit growth it has enjoyed in recent years, the prospect of doing so is not so daunting as they might seem, given some stabilization among emerging market economies. Further, the strategic logic of the combination is not entirely clear, and probably more to the benefit of Kraft Heinz shareholders than Unilever’s. And the financial condition of Kraft Heinz means that purchasing Unilever, even at such a price, would be something of a stretch, leaving the resulting company rather highly leveraged by the standards of consumer staples businesses.

Any deal so large would inevitably face regulatory scrutiny. This is a wild card, particularly in the European Union, because the E.U. is so arbitrary in its definition of what constitutes a market, and therefore the extent of market dominance. As a trivial example that may nevertheless be significant for the proposed combination, do ketchup and mustard constitute separate categories (in which case the group might face no problems retaining these products) or are they both components of the condiment market (in which case the combination might be forced to make disposals)? The proposed deal will probably face fewer challenges in other jurisdictions.

———

a big one here..unilever are massive..and one of the major players in global business..kraft heinz is in the same boat..so you have two absolute behemoths coming together..consolidation..

“Any deal so large would inevitably face regulatory scrutiny. This is a wild card, particularly in the European Union, because the E.U. is so arbitrary in its definition of what constitutes a market, and therefore the extent of market dominance.”

no wild card..it will be passed when required..

https://en.wikipedia.org/wiki/Kraft_Heinz

401

NASA to host major press conference on “discovery beyond our solar system”

•February 22, 2017 • 3 Comments

newexoplanet

http://www.independent.co.uk/news/science/nasa-announcement-press-conference-today-solar-system-exoplanet-sun-planets-news-latest-a7590281.html

Nasa is to host a major press conference on a “discovery beyond our solar system”.

The event will see the revelation of major information about exoplanets, or planets that orbit stars other than our sun, according to a release. It made no further mention of the details of what would be revealed.

Exoplanets are the major hope for life elsewhere in the universe, since many have been found that resemble our own Earth and could have the building blocks of life. More of them are being discovered all the time.

The event will take place on 22 February at 1pm New York time, it said. It will be streamed live on Nasa’s television station and on its website.

Attending the press conference will be astronomers and planetary scientists from across the world.

Nasa said that the public will be able to ask questions using the hashtag #AskNasa during the conference. The agency will also hold a Reddit AMA, or ask me anything, session straight after the briefing.

———-

everybody stop what you are doing..NASA has an announcement to make!

got my popcorn out..my astronaut helmet is on..amaze me NASA..

i bet i wont be..im expecting some hoohaa about other “habitable” planets..that are actually uninhabitable..cute eh?

more planets..more this..more that..blah blah blah..most importantly..more money coming their way..

401

Zuckerberg: My Facebook manifesto to re-boot globalisation

•February 22, 2017 • 4 Comments

c40j8qjuoaebuhh

http://www.bbc.com/news/business-38998884

Mark Zuckerberg has revealed deep-seated concerns that the tide is turning against globalisation.

In an interview with the BBC, the Facebook founder said that fake news, polarised views and “filter bubbles” were damaging “common understanding”.

He said people had been left behind by global growth, sparking demands to “withdraw” from the “connected world”.

In a call to action, he said people must not “sit around and be upset”, but act to build “social infrastructures”.

“When I started Facebook, the mission of connecting the world was not controversial,” he told me.

“It was as if it was a default assumption that people had; every year the world got more connected and that seems like the direction things were heading in.

“Now that vision is becoming more controversial.”

Continue here if you have the stomach for it: http://www.bbc.com/news/business-38998884

———-

and in the image you see marky mark hanging out with one of his closest mates..do you know who it is?

“Zuckerberg has revealed deep-seated concerns that the tide is turning against globalisation.”

thats a bad thing for globalists you see..dig?

“Now that vision is becoming more controversial.”

connecting the world isnt controversial..calling for global governance is..

i will not be lectured to by billionaires..and that includes trump..they have NFI how we live..

401

Russia’s ambassador to the United Nations dies suddenly

•February 22, 2017 • 2 Comments

c8e02e6849b0e6a23f584c3ed7b727bc

http://www.theaustralian.com.au/business/wall-street-journal/russias-ambassador-to-the-united-nations-vitaly-churkin-dies-suddenly/news-story/9360ef4e4961841c370f988cd353f08f

Russia’s ambassador to the United Nations, Vitaly Churkin, died suddenly, according to an announcement at the UN and Russia media reports.

Mr Churkin, who died a day before his 65th birthday, had served as Russia’s ambassador to the UN since 2006.

He was a colourful character and a skilled diplomat, often delivering passionate speeches at the Security Council that were critical of US foreign policy.

Diplomats said Mr Churkin died of cardiac arrest. The news was announced at a General Assembly meeting, where Russian representatives expressed their shock and grief. A three-minute moment of silence was held in Mr. Churkin’s honour.

The announcement of his death shocked the diplomatic community and UN officials. A career diplomat, Mr Churkin previously had served as ambassador to Canada, Belgium and the North Atlantic Treaty Organisation.

US Ambassador to the UN Nikki Haley offered condolences and prayers to his family and the Russian people. She said Mr Churkin had been a “gracious colleague” in her short time at the UN.

“We did not always see things the same way, but he unquestionably advocated his country’s positions with great skill,” Ms Haley said.

Matthew Rycroft, the UK ambassador to the UN, tweeted that he was “absolutely devastated” and that Mr Churkin was “a diplomatic giant & wonderful character.”

Russian President Vladimir Putin expressed his condolences in a statement posted on the Kremlin website. Mr Putin “highly valued Churkin’s professionalism and diplomatic talent,” a Kremlin spokesman told Interfax news agency.

The Russian Foreign Ministry praised him as “an outstanding diplomat.”

Mr Churkin, who spoke elegant English with a slight accent, told Russian state channel RT in an interview broadcast on February 8 that the work of diplomats had become more hectic in recent years. “It is stressful, and unfortunately the world has not become more stable than it used to be,” he said. The RT reporter who interviewed Mr Churkin, Alexey Yaroshevsky, wrote on Twitter that he “looked in good health and was very energetic during the interview.”

Diplomats said they expect Tuesday’s Security Council meeting will be dedicated to Mr Churkin and that diplomats will have an opportunity to commemorate him. Mr Churkin suffered the heart attack on Monday morning at the Russian mission to the UN on E. 67 St, a New York City Fire Department spokesman said. The department received a report for “a cardiac condition” at the location at 9:30am. Mr. Churkin was moved by ambulance to New York-Presbyterian Hospital. A New York Police Department official said there was no evidence of criminality in the incident.

———-

seems normal..but it is the third russian ambassador to die this year..this guy was involved in some of the most important world events for the last 5 years..posted for posterity..

“Diplomats said Mr Churkin died of cardiac arrest. The news was announced at a General Assembly meeting, where Russian representatives expressed their shock and grief. A three-minute moment of silence was held in Mr. Churkin’s honour.”

401

Zealandia: Study confirms Earth has a hidden continent

•February 22, 2017 • 2 Comments

58a585fdc461888d038b4596

58a58607c3618803798b45d9

https://www.rt.com/viral/377543-new-continent-earth-zealandia/

Earth has a concealed continent called ‘Zealandia’ hidden in the Pacific Ocean and attached to New Zealand, according to newly published research.

A team of 11 researchers found that New Zealand and New Caledonia are actually part of a huge 4.9 million sq km (1.89 million square-mile) single slab of continental crust that is separate from Australia.

The study, published by the Geological Society of America, found that the region is 94 percent submerged, mostly as a result of crustal thinning before the supercontinental break-up, using upgraded satellite-based elevation and gravity map technology.

The scientific value of classifying Zealandia as a continent is much more than just an extra name on a list,” the scientists wrote. “That a continent can be so submerged yet unfragmented makes it a useful and thought-provoking geodynamic end member in exploring the cohesion and breakup of continental crust.

The team says it should be considered a geological continent, rather than the previously-held theory that it was a collection of continental islands and fragments.

Based on various lines of geological and geophysical evidence, particularly those accumulated in the last two decades, we argue that Zealandia is not a collection of partly submerged continental fragments but is a coherent 4.9 Mkm2 continent,” the study concludes.

As geologists count Europe and Asia as one giant continent called ‘Eurasia’, the new addition of Zealandia brings the total number of official geologic continents to seven.

Zealandia’s crust thickness typically ranges from 10 to 30km (six to 19 miles) and is roughly the size of India. It’s believed to have broken off from Antarctica about 100 million years ago, and then again from Australia about 80 million years ago.

Researchers behind the study are calling Zealandia a “realisation” rather than a “discovery”, as New Zealand has been considered a continent in its own right by some experts in the field for years.

This is not a sudden discovery but a gradual realisation; as recently as 10 years ago we would not have had the accumulated data or confidence in interpretation to write this paper,” the study’s authors wrote.

Zealandia illustrates that the large and the obvious in natural science can be overlooked.”

———-

“The team says it should be considered a geological continent, rather than the previously-held theory that it was a collection of continental islands and fragments.”

sort of interesting..

“Researchers behind the study are calling Zealandia a “realisation” rather than a “discovery”, as New Zealand has been considered a continent in its own right by some experts in the field for years.”

new zealand is really a continent?

“As geologists count Europe and Asia as one giant continent called ‘Eurasia’, the new addition of Zealandia brings the total number of official geologic continents to seven.”

401

Gates warns of bioterrorism dangers in next 15 years and “If a robot takes your job then it should pay taxes”

•February 21, 2017 • 31 Comments

58a87e62c36188dc328b4638

https://www.rt.com/news/377822-bioterrorism-threat-millions-die-15years/

The next deadly worldwide epidemic could happen at the hand of a terrorist, employing biotechnology for an attack, Bill Gates has warned at the Munich Security Conference. The Microsoft founder also compared the pandemic to nuclear war and climate change.

The next epidemic could originate on the computer screen of a terrorist intent on using genetic engineering to create a synthetic version of the smallpox virus … or a super contagious and deadly strain of the flu,”  he warned in a speech published by Business Insider.

“Whether it occurs by a quirk of nature or at the hand of a terrorist, epidemiologists say a fast-moving airborne pathogen could kill more than 30 million people in less than a year. And they say there is a reasonable probability the world will experience such an outbreak in the next 10 to 15 years,” he warned.

Gates said the link between health security and international security is underestimated adding that governments are not paying enough attention to this threat. “We ignore the link between health security and international security at our peril.”

The absence of deadly epidemics in recent history shouldn’t lull the world into a false sense of security as such “doomsday scenarios” can occur. Gates reminded the audience of the scale of the 1918 flu pandemic which infected around 500 million people and claimed between 50-100 million lives according to various estimates.

“Most of the things we need to do to protect against a naturally occurring pandemic are the same things we must prepare for an intentional biological attack.”

The catastrophic consequences of a pandemic are comparable to nuclear war and climate change, Gates believes. “I view the threat of deadly pandemics right up there with nuclear war and climate change.”

He added that proper preparation could mitigate the risks. Such readiness includes the creation of a medical “arsenal of new weapons” to counter various epidemics. He said people need to “prepare for epidemics the way the military prepares for war,” such as, conducting exercises to understand viruses’ behavior. Last year, the US government conducted a similar experiment, releasing “gas” in the New York subway.

Reducing the time for creating a vaccine, surveillance and cooperation improvement are also among necessary requirements to tackle a pandemic, according to Gates. Lack of proper preparation can cost up to $570 billion annually, he added.

Gates’ speech at the Munich conference is not the first time the billionaire has voiced concerns about bioterrorism. In January, he warned about the potential dangers of bioterrorism during the World Economic Forum in Davos, Switzerland. Speaking to BBC radio in December 2016, Gates spoke about human vulnerabilities to fast-spreading diseases.

https://www.joe.ie/tech/bill-gates-robot-takes-job-pay-taxes/578223

One of the world’s most technologically-minded (not to mention richest) people thinks that robots should be taxed just like their human counterparts.

The co-founder of Microsoft believes that if a robot replaces a human in doing a job, then that robot should be taxed at a similar level, with those taxes then being pumped forward into financing jobs in assisting the elderly or teaching school-kids.

Only a few days ago it was reported by Reuters that a similar EU robot tax was rejected, with the plan to take the money made from taxation to then be used in retraining the workers that the robots had replaced.

Talking to Quartz, Gates says “It is really bad if people overall have more fear about what innovation is going to do than they have enthusiasm. That means they won’t shape it for the positive things it can do.”

———

the guy is one man doom creating headline..

“Whether it occurs by a quirk of nature or at the hand of a terrorist, epidemiologists say a fast-moving airborne pathogen could kill more than 30 million people in less than a year. And they say there is a reasonable probability the world will experience such an outbreak in the next 10 to 15 years,

but bill will have a jab for you..to protect you..

“Reducing the time for creating a vaccine, surveillance and cooperation improvement are also among necessary requirements to tackle a pandemic, according to Gates. Lack of proper preparation can cost up to $570 billion annually, he added.”

his comments on AI are just stupid..

“if a robot replaces a human in doing a job, then that robot should be taxed at a similar level, with those taxes then being pumped forward into financing jobs in assisting the elderly or teaching school-kids.”

oh yeah..that will work!!

robots have bank accounts?..they collect a wage?..they can pay tax?..wtf?

401

Ecuador election: Ruling party candidate Lenin Moreno in lead

•February 21, 2017 • 1 Comment

_94735395_ecuador

http://www.bbc.com/news/world-latin-america-39020912

Partial official results in Ecuador’s presidential election have put ruling party candidate Lenin Moreno in the lead – but he may face a run-off.

Left-wing incumbent Rafael Correa is standing down after leading the South American nation for a decade.

Mr Moreno has 38% of the vote with conservative Guillermo Lasso on 31%, based on about a quarter of returns.

To avoid March’s run-off, a candidate needs 40% and a 10 percentage point difference with the nearest rival.

Mr Moreno, a key figure in Mr Correa’s cabinet between 2007 and 2013, had been predicted to win the vote.

Centre-right Mr Lasso is a former banker who wants to create a million jobs.

Among Mr Lasso’s pledges is one to withdraw asylum rights from Wikileaks founder Julian Assange, who has been holed up in the Ecuadorean embassy in Londonsince June 2012.

Mr Moreno, who became paraplegic after being shot in the back in 1998 and has most recently served as UN special envoy on disability and accessibility, has tried to distance himself from Mr Correa in recent years.

https://en.wikipedia.org/wiki/Len%C3%ADn_Moreno

***

http://www.miamiherald.com/news/nation-world/world/americas/article133848754.html

This Andean nation could face days of uncertainty and tension as election authorities said Sunday’s contentious presidential vote remains too close to call — casting doubt on whether there will be a runoff.

The warning came as ruling party candidate Lenín Moreno assured his followers he was on the cusp of winning outright, and the opposition raised the specter of fraud.

National Electoral Council (CNE) President Juan Pablo Pozo said authorities were pushing forward with the count as quickly possible but that it could take as long as three days to determine if a runoff is merited, and five to eight days to have definitive results. While he acknowledged the delay would only heighten tensions, he said the results could come down to the final ballots.

———-

looks like its going to run off..this election is fairly important for assange who needs ecuadorian support to stay in the embassy..

“Lenín Moreno assured his followers he was on the cusp of winning outright, and the opposition raised the specter of fraud.”

we will see..

401

 
%d bloggers like this: