BREAKINGVIEWS-The race is on to be the SABMiller of food

(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.)
By Lauren Silva Laughlin
DALLAS, Feb 22 (Reuters Breakingviews) - AB InBev bought the UK beer giant in 2016, but only after SABMiller tried to copy its rival's M&A machine. Last week's aborted $143 bln bid for Unilever by Kraft Heinz – like AB InBev, part of 3G Capital's stable – may nudge General Mills, Mondelez et al into similar pursuits.
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CONTEXT NEWS
- Unilever said on Feb. 17 it had rejected a $143 billion takeover bid from U.S. rival Kraft Heinz because the proposal lacked "merit, either financial or strategic." Kraft Heinz said on Feb. 19 it had agreed to withdraw its offer.
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