Monday, February 27, 2017

Do you know why Warren Buffet frequently smiles? It is because he is a smart man and reality superstar.

Warren Buffet made a lot of money when Unilever said, "Thanks, but, no thanks." How did that happen? Because all the investment firms that thought it would lead to a hostile takeover jumped on the band wagon and caused the increase in stock prices. Warren sold his interests as soon as it was obvious a company from the UK was not the least bit interested in a different country's flag.

Congratulations to Warren, his stealthy insight and steadfast knowledge.

Omaha, Neb. — The Latest on investor Warren Buffett’s (click here) comments on a variety of topics (all times local):

6:40 a.m.

Warren Buffett says the proposed $143 billion offer to acquire Unilever, a deal with links to his company, fell apart quickly because the European company wasn’t interested.

Buffett said Monday on CNBC that his Berkshire Hathaway and 3G Capital abandoned Kraft Heinz Foods’ bid for Unilever because they were interested only in a mutually agreed upon tie-up, not a hostile takeover.

Buffett says it initially appeared that Unilever might be open to negotiating a deal, but once a rough offer was delivered it became clear the owner of Lipton and Hellman’s wasn’t interested.

Buffett says there could have been some misunderstanding in the initial conversations between Kraft Heinz and Unilever.