IN BRIEF : Heinz share sale
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.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.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments