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Ben, Jerry, Alex and Jorge

17 February 2017 By Rob Cox, Richard Beales

The wily acquirers at 3G found a soft target in the Anglo-Dutch group. Even with generous assumptions about lifting Unilever’s margins, the $143 bln deal would push debt above five times EBITDA. Kraft’s owners, including Warren Buffett, will need to pitch in to sweeten the bid.

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