Heinz Shares Rise on Report of Possible Sale, Buyout - Bloomberg
“Shares of H.J. Heinz Co., the world's biggest ketchup maker, rose the most in 11 months after Dealreporter.com said the company may put itself up for sale or be taken private. Heinz hired bankers to study options including a sale to private-equity firms, acquisitions or selling assets, the news service said today, citing two people it didn't identify. Carlyle Group and TPG Inc., the private-equity firm formerly known as Texas Pacific Group, recently considered buying Heinz and decided against it, Dealreporter.com said.”
Continue reading: Mark Clothier, "Heinz Shares Rise on Report of Possible Sale, Buyout", Bloomberg, 19 April 2007.