Paul, Weiss and Skadden Guided Plan to Split Kraft-Heinz - Forget the Uncertainty about M&A, It's about the Huge Transactions
Okay, Warren Buffett bet on the joining of two old-line food corporations - Kraft and Heinz. But those of us who had worked full-time in them as I had and understood that category knew from the get-go: That dog don't hunt. The cultures aren't what it takes to grow in a challenging category. And, much of the product lines are stuck in the middle. That's at a time when consumers are shopping upscale or discount. In the grocery deli section they can purchase gourmet mac & cheese for about 10 bucks. Or at the dollar store a box of the ingredients for a buck and a quarter. Also there's little innovation or much focus on healthy eating. So, again law firms Paul, Weiss and Skadden lucked out and nailed being involved in a major transaction. They guided the plan for Kraft-Heinz to split into two separate entities. So much of the legal sector is speculating if the M&A market in general will pick up. Law firms like Paul, Weiss and Skadden don't have to fret about...