A consumer staples behemoth : the acquisition of Kimberly-Clark by Kraft-Heinz
Autor(a) principal: | |
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Data de Publicação: | 2018 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.14/25887 |
Resumo: | The main purpose of this dissertation is to study the hypothesis of an acquisition in the consumer staples sector, between Kraft-Heinz (the acquirer) and Kimberly-Clark (the target). Kraft-Heinz is a consumer staples company that recently completed the integration of a past merger, and is rumored to be looking for new targets to acquire. Its owners traditionally seek to acquire companies within the same industry, with strong brands and improvable operating margins. Kimberly-Clark is a company belonging to the consumer staples industry and the owner of several well-known brands. While it is smaller than Kraft-Heinz, it is expected to generate higher revenue growth in the foreseeable future, and its operational profitability possesses room for improvement. The combination of the two companies would allow for small increments in revenues, through combined scale and market power, and lead to operational improvements in Kimberly-Clark, following the Kraft-Heinz’ battle-hardened methods and culture. The combined company would also invest heavily in state-of-the-art facilities, while divesting older plants and reducing work-force. The expected synergies arriving from the deal were valued at $28 906 Million. The transaction assumes an all-cash friendly offer of $49 888 Million for 100% of Kimberly-Clark, representing a premium of 40.8% over Kimberly-Clark’s stock price. |
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A consumer staples behemoth : the acquisition of Kimberly-Clark by Kraft-HeinzAcquisitionSynergiesPremiumConsumer staplesDomínio/Área Científica::Ciências Sociais::Economia e GestãoThe main purpose of this dissertation is to study the hypothesis of an acquisition in the consumer staples sector, between Kraft-Heinz (the acquirer) and Kimberly-Clark (the target). Kraft-Heinz is a consumer staples company that recently completed the integration of a past merger, and is rumored to be looking for new targets to acquire. Its owners traditionally seek to acquire companies within the same industry, with strong brands and improvable operating margins. Kimberly-Clark is a company belonging to the consumer staples industry and the owner of several well-known brands. While it is smaller than Kraft-Heinz, it is expected to generate higher revenue growth in the foreseeable future, and its operational profitability possesses room for improvement. The combination of the two companies would allow for small increments in revenues, through combined scale and market power, and lead to operational improvements in Kimberly-Clark, following the Kraft-Heinz’ battle-hardened methods and culture. The combined company would also invest heavily in state-of-the-art facilities, while divesting older plants and reducing work-force. The expected synergies arriving from the deal were valued at $28 906 Million. The transaction assumes an all-cash friendly offer of $49 888 Million for 100% of Kimberly-Clark, representing a premium of 40.8% over Kimberly-Clark’s stock price.O principal objetivo desta dissertação é estudar a hipótese de uma aquisição no setor dos bens de primeira necessidade, entre a Kraft-Heinz (o comprador) e a Kimberly-Clark (o alvo). A Kraft-Heinz é uma empresa do setor de bens de primeira necessidade que recentemente finalizou a integração de uma fusão anterior, e correm rumores de que se encontra à procura de novas empresas para adquirir. Os seus donos procuram tradicionalmente adquirir empresas dentro da mesma indústria, com marcas reconhecidas e margens operacionais que possam ser melhoradas. A Kimberly-Clark é uma empresa pertencente ao setor dos bens de primeira necessidade e dona de várias marcas famosas. Embora seja mais pequena que a Kraft-Heinz, é espectável que obtenha uma maior taxa de crescimento das suas receitas, e a sua rendibilidade operacional possui margem para melhorias. A combinação das duas empresas irá permitir pequenos incrementos nas receitas, através de economias de escala e aumento do poder negocial, e também a melhoria operacional da Kimberly-Clark, através da aplicação da metodologia e cultura organizacional da Kraft-Heinz. A empresa combinada irá também investir fortemente em fábricas topo de gama, ao mesmo tempo que irá descontinuar fábricas antigas e reduzir a sua força de trabalho. As sinergias resultantes da transação são avaliadas em $28 906 Milhões. A transação assume uma oferta amigável, totalmente em numerário, de $49 888 Milhões, por 100% da Kimberly-Clark, o que representa um prémio de 40.8% acima do preço atual das suas ações.Assunção, António Luís Traça Borges deVeritati - Repositório Institucional da Universidade Católica PortuguesaRicardo, Daniel Jorge Carvalho2018-11-02T09:10:25Z2018-10-1520182018-10-15T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/25887TID:201990580enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-12T17:31:21Zoai:repositorio.ucp.pt:10400.14/25887Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:20:42.623586Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
A consumer staples behemoth : the acquisition of Kimberly-Clark by Kraft-Heinz |
title |
A consumer staples behemoth : the acquisition of Kimberly-Clark by Kraft-Heinz |
spellingShingle |
A consumer staples behemoth : the acquisition of Kimberly-Clark by Kraft-Heinz Ricardo, Daniel Jorge Carvalho Acquisition Synergies Premium Consumer staples Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
A consumer staples behemoth : the acquisition of Kimberly-Clark by Kraft-Heinz |
title_full |
A consumer staples behemoth : the acquisition of Kimberly-Clark by Kraft-Heinz |
title_fullStr |
A consumer staples behemoth : the acquisition of Kimberly-Clark by Kraft-Heinz |
title_full_unstemmed |
A consumer staples behemoth : the acquisition of Kimberly-Clark by Kraft-Heinz |
title_sort |
A consumer staples behemoth : the acquisition of Kimberly-Clark by Kraft-Heinz |
author |
Ricardo, Daniel Jorge Carvalho |
author_facet |
Ricardo, Daniel Jorge Carvalho |
author_role |
author |
dc.contributor.none.fl_str_mv |
Assunção, António Luís Traça Borges de Veritati - Repositório Institucional da Universidade Católica Portuguesa |
dc.contributor.author.fl_str_mv |
Ricardo, Daniel Jorge Carvalho |
dc.subject.por.fl_str_mv |
Acquisition Synergies Premium Consumer staples Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Acquisition Synergies Premium Consumer staples Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
The main purpose of this dissertation is to study the hypothesis of an acquisition in the consumer staples sector, between Kraft-Heinz (the acquirer) and Kimberly-Clark (the target). Kraft-Heinz is a consumer staples company that recently completed the integration of a past merger, and is rumored to be looking for new targets to acquire. Its owners traditionally seek to acquire companies within the same industry, with strong brands and improvable operating margins. Kimberly-Clark is a company belonging to the consumer staples industry and the owner of several well-known brands. While it is smaller than Kraft-Heinz, it is expected to generate higher revenue growth in the foreseeable future, and its operational profitability possesses room for improvement. The combination of the two companies would allow for small increments in revenues, through combined scale and market power, and lead to operational improvements in Kimberly-Clark, following the Kraft-Heinz’ battle-hardened methods and culture. The combined company would also invest heavily in state-of-the-art facilities, while divesting older plants and reducing work-force. The expected synergies arriving from the deal were valued at $28 906 Million. The transaction assumes an all-cash friendly offer of $49 888 Million for 100% of Kimberly-Clark, representing a premium of 40.8% over Kimberly-Clark’s stock price. |
publishDate |
2018 |
dc.date.none.fl_str_mv |
2018-11-02T09:10:25Z 2018-10-15 2018 2018-10-15T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.14/25887 TID:201990580 |
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http://hdl.handle.net/10400.14/25887 |
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TID:201990580 |
dc.language.iso.fl_str_mv |
eng |
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eng |
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info:eu-repo/semantics/openAccess |
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openAccess |
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application/pdf |
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reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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