IN BRIEF : Heinz share sale
The sale of $500m (pounds 324m) worth of HJ Heinz shares held by family trusts could make a long-rumoured takeover of the foods giant considerably easier, reports the Bloomberg news agency.
Bankers say potential bidders have been dscouraged by the company's size and by the proportion of Heinz shares more than 13% held by family endowments and charitable trusts. But in a public offering to be priced on Monday, the trusts will sell 12.5m, or nearly 40% of their stake.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies