Afternoon Coffee: M&A News Updates in Food, Cable and Oil Industries

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Lots of M&A news today…First, a major merger in the food industry: HJ Heinz and Kraft Foods Group will unite to form one major food company.

Comcast Corp. announced today it is likely to close its merger with Time Warner Cable later than expected – by the middle of 2015. Comcast was hoping to finalize the deal earlier in the year, but regulatory delays are slowing the process down.

And now, major crude oil producer Whiting Petroleum Corp. said it is no longer looking to be bought out by another company. Whiting has been feeling the negative impacts of the declining oil prices, but announced it is focusing on issuing more equity and will be taking on more debt instead of looking for a buyer.

In other news, Google has brought on former Morgan Stanley CFO Ruth Porat as its new chief financial officer.

 

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