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Thousands Of Layoffs Coming After Buffett Merges Heinz With Kraft, Creating 5th Largest Food Company In The World
Another day, another mega-M&A deal taking advantage of abnormally low bond rates, this time however not involving biotechs or a specialty pharma seeking to purchase a debt-free balance sheet, but one involving the Oracle of Omaha himself, and his Heinz investment, which will merge with Kraft Foods whose market cap was over $40 billion this morning on the news of the merger, and create the third largest food and beverage company in the US, and 5th largest in the world.
And while the resulting company will certainly be an unprecedented food giant, one which leaves the US food industry even more concentrated, here is the rationale behind the deal and the punchline for American workers: "significant synergy opportunities." Translation: thousands of layoffs imminent.


Details from the press release:
H.J. Heinz Company And Kraft Foods Group Sign Definitive Merger Agreement To Form The Kraft Heinz Company Combination Creates Unparalleled Portfolio of Powerful and Iconic Brands
- Merger will create the 3rd largest food and beverage company in North America and the 5th largest food and beverage company in the world.
- Combined company to be named The Kraft Heinz Company and to be co-headquartered in Pittsburgh and the Chicago area.
- The new company will have revenues of approximately $28 billion with eight $1+ billion brands and five brands between $500 million-$1 billion.
- Stock and cash transaction, with Kraft shareholders to receive a special cash dividend of $16.50 per share upon closing and stock in the combined company representing a 49% stake in the new company.
- Berkshire Hathaway and 3G Capital will invest an additional $10 billion in The Kraft Heinz Company; existing Heinz shareholders will collectively own 51% of the new company.
- Significant synergy opportunities with strong platform for organic growth in North America, as well as global expansion, by combining Kraft's brands with Heinz's international platform.
- The Kraft Heinz Company is fully committed to maintaining an investment grade rating; Company plans to maintain Kraft's current dividend per share, which is expected to increase over time
Full press release:
-- H.J. Heinz Company and Kraft Foods Group, Inc. (NASDAQ: KRFT) today announced that they have entered into a definitive merger agreement to create The Kraft Heinz Company, forming the third largest food and beverage company in North America with an unparalleled portfolio of iconic brands.
Under the terms of the agreement, which has been unanimously approved by both Heinz and Kraft's Boards of Directors, Kraft shareholders will own a 49% stake in the combined company, and current Heinz shareholders will own 51% on a fully diluted basis. Kraft shareholders will receive stock in the combined company and a special cash dividend of $16.50 per share. The aggregate special dividend payment of approximately $10 billion is being fully funded by an equity contribution by Berkshire Hathaway and 3G Capital.
The proposed merger creates substantial value for Kraft shareholders. The special cash dividend payment represents 27% of Kraft's closing price as of March 24, 2015. Also, by continuing to own shares of the new combined company, Kraft shareholders will have the opportunity to participate in the new company's long-term value creation potential.
Global Brand Portfolio Powerhouse
The combination of these iconic food companies joins together two portfolios of beloved brands, including Heinz, Kraft, Oscar Mayer, Ore-Ida and Philadelphia. Together the new company will have eight $1+ billion brands and five brands between $500 million and $1 billion. The complementary nature of the two brand portfolios presents substantial opportunity for synergies, which will result in increased investments in marketing and innovation.
Alex Behring, Chairman of Heinz and the Managing Partner at 3G Capital, said, "By bringing together these two iconic companies through this transaction, we are creating a strong platform for both U.S. and international growth. Our combined brands and businesses mean increased scale and relevance both in the U.S. and internationally. We have the utmost respect for the Kraft business and its employees, and greatly look forward to working together as we integrate the two companies."
Warren Buffett, Chairman and CEO of Berkshire Hathaway said, "I am delighted to play a part in bringing these two winning companies and their iconic brands together. This is my kind of transaction, uniting two world-class organizations and delivering shareholder value. I'm excited by the opportunities for what this new combined organization will achieve."
"Together we will have some of the most respected, recognized and storied brands in the global food industry, and together we will create an even brighter future," said John Cahill, Kraft Chairman and Chief Executive Officer. "This combination offers significant cash value to our shareholders and the opportunity to be investors in a company very well positioned for growth, especially outside the United States, as we bring Kraft's iconic brands to international markets. We look forward to uniting with Heinz in what will be an exciting new chapter ahead."
"We are thrilled about the unique opportunities this merger will create for our consumers worldwide, as well as our employees and business partners. Together, Heinz and Kraft will be able to achieve rapid expansion while delivering the quality, brands and products that our consumers love," said Bernardo Hees, Heinz Chief Executive Officer. "Over the past two years, we have transformed Heinz into one of the most efficient and profitable food companies in the world while reinvesting behind our key brands and continuing our relentless commitment to quality and innovation."
Management and Governance
When the transaction closes, Alex Behring, Chairman of Heinz and the Managing Partner at 3G Capital, will become the Chairman of The Kraft Heinz Company. John Cahill, Kraft Chairman and Chief Executive Officer, will become Vice Chairman and chair of a newly formed operations and strategy committee of the Board of Directors.
Bernardo Hees, Chief Executive Officer of Heinz, will be appointed Chief Executive Officer of The Kraft Heinz Company. The new executive team for the combined global company will be announced during the transition period, but no later than transaction closing.
The Board of Directors of the combined company will consist of five members appointed by the current Kraft Board, as well as the current Heinz Board, including three members from Berkshire Hathaway and three members from 3G Capital.
Long-Term Ownership
3G Capital and its principals have a proven track record of investing in and growing iconic brands. In previous transactions over the years, 3G has partnered with other long-term investors to build significant shareholder value by driving innovation and growth and expanding the international reach of its companies and brands.
Berkshire Hathaway and 3G Capital have a history of successful partnerships and are committed to long-term ownership of The Kraft Heinz Company as it strengthens its leadership position in the industry.
Commitment to Communities
The Kraft Heinz Company will be co-headquartered in Pittsburgh and the Chicago area.
Understanding the need to preserve both Heinz and Kraft's heritage in their respective hometowns of Pittsburgh and the Chicago area, the new company is committed to supporting local charities and community relationships in the communities in which they operate.
Structure, Terms and Synergies
Existing Heinz shareholders will have a 51% ownership stake in the combined company, and existing Kraft shareholders will have a 49% ownership stake on a fully diluted basis. Each share of Kraft will be converted into one share of The Kraft Heinz Company.
The significant synergy potential includes an estimated $1.5 billion in annual cost savings implemented by the end of 2017. Synergies will come from the increased scale of the new organization, the sharing of best practices and cost reductions.
The transaction is expected to be EPS accretive by 2017. Once the transaction is complete, The Kraft Heinz Company plans to maintain Kraft's current dividend per share, which is expected to increase over time. Kraft has no plans to change its dividend prior to closing.
The special cash dividend of $10 billion in the aggregate to existing Kraft shareholders will be paid upon closing and will be funded by an equity investment by Berkshire Hathaway and 3G Capital. Shares of the company will continue to be publicly traded.
As the cash consideration is fully funded by common equity from Berkshire Hathaway and 3G Capital, the merger is not expected to increase the debt levels of The Kraft Heinz Company. The Company is fully committed to deleveraging in a timely manner and to maintaining an investment grade rating going forward.
Approvals
The transaction is subject to approval by Kraft shareholders, receipt of regulatory approvals and other customary closing conditions and is expected to close in the second half of 2015.
Advisors
Lazard served as exclusive financial advisor for Heinz, and Cravath, Swaine & Moore and Kirkland and Ellis acted as legal advisors.
Centerview Partners LLC served as exclusive financial advisor for Kraft, and Sullivan & Cromwell acted as legal advisor.
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Who determined it was food?
Velvetta as a corporate mantra.
the nation only needs one food company
and a single-payer system to deliver the food to where it's needed, when it's needed
because people have a right to food
hugs,
codex alimentarius
Thousands Of Layoffs Coming
Only 29.5hr/wk jobs.....hardly worth mentioning.
Get on your knees and repeat after me..........yes we can.
big companies swallow the whole economy, for the children.
vote for mega corp it is freedom
buffett & munger Love us all
rape is love
some" people" just need killin.
Heinz will be merging with Kraft
A move that will prove to be daft
It's all about cost
And jobs to be lost
Employees are getting the shaft
Mac and cheese blizzards coming to your nearby Dairy Queen soon.
sorry this is my fault you see I do not buy either co's products, they gotta merge to survive.
only gmo food is used by both co's- spread the word.
Probably going to have to make my own ketchup soon because of this, compliments of uncle warren.
SecState Kerry (via his wife's holdings in Heinz) will profit quite well from this merger.
Big Ketchup!
And it means less competition.
As J.D. Rockefeller in a seldom moment of truthfulness admitted, what it's about: "Capitalism is about avoiding competition."
It's about building Oligopolys and Monopolys while telling the sheeple that competition was good - but strangely only for others while they avoid it.
So contrary to the propaganda, they admit that Capitalism has nothing to do with a free market economy, but opposes it and always strives torwards monopolys.
Heinz ketchup is one of the worst toxic sludges you can consume. Kraft is cheap toxic processed food too. No wonder the little troll from Omaha bought these both up.
Weimar had the exact same thing happen. A couple of individuals ended up owning all industry and wealth. We keep on this path, rolling the mf'ing guillotines is assured.
John Kerry's tongue (which by the way served with him in Vietnam)s flicking, flashing, darting in and out, faster than the catsup bottling line. Mile a minute. My pet lizards would be proud
pdf free download "ban gmos now", all the scientific proves against gmo you ever searched for
description:
http://www.i-sis.org.uk/Ban_GMOs_Now.php
direct link:
http://www.i-sis.org.uk/Ban_GMOs_Now.pdf
newest study (its in the milk of goats):
http://www.smallruminantresearch.com/article/S0921-4488%2815%2900052-8/a...
food is not like an iphone. control the food, like they did before the riots in egypt and...
Kraft "cheese" isn't really cheese. Heinz products are laced with HFCS. If it wasn't for school lunch programs, Heinz/Kraft would probably be much smaller. Clearly Warren got wind of some sort of government food program. Maybe EBT card users will be forced to buy Heinz.Kraft products only? No-bid food service contract for the DoD?
All mainline megacorp food is now toxic; laced with thousands of toxic chemicals, GMO, GMOHFC and preservatives.
If you can afford not to eat it, and you're still eating it, you're an idiot.
Caveat Emptor.
the government will mandate that you buy it and eat it.........soon you will have to send your stool sample to NSA as proof that you are eating toxic food........
shouldn't be difficult. If your stool is orange or glows in the dark, you're eating right!
The gov doesn't have to mandate anything when it comes to synthetic food substitutes. The sheeple buy what ever they see on TV. That's all you need to raise your sales of crap. Just show some dark skinned people eating it an smiling.
The ACA already provides the NSA, Treasury, et all with the neccesary information by requiring doctor's offices to use electronic medical records. We lost a lot of privacy to pick up another 9 million insured.
they possess the genes for conventional seeds too, and the new genmanipulationstechniques are not detectable, they can even let the plant produce proteins, that can do quite whatever they like..... . . . .
Well, the Sec of State Mr Kraft and his Mrs will be taken care of just fine.
Heinz will be merging with Kraft,
Its very hard to contain a laugh,
Processed foods are a lost cause,
Buffet is not at all a Santa Clause,
The only eaters will be the riff raff.
IME big processed food is on the way out. Just a mom here who chats online with other moms. Certain ingredients I largely avoid. Would be nice to do all organic/non GMO, but price, availability and labeling make that challenging.
I checked out the list and we use:
Miracle Whip
Lea & Perrins
Planter's Peanuts (sometimes, because generic ones tend to have MSG for some reason)
Capri Sun Roaring Waters (not the best, but works well for the random school thing)
Kraft Mac & Cheese (yeah, I know...not a steady diet though...kid may have it twice a month max)
Don't buy a lot of Heinz products due to HFCS. Don't buy Oscar Mayer due to nitrates/nitrites. Prefer natural cheese and don't buy according to brand, but quality and price.
I would guess our purchases from this giant combine are around $100 - $150 a year at the most.
They will only need one legal team and one giant government bailout when their GMO frankenfood is exposed as toxic and poisonous. Synergy indeed!
big food, big pharma, big everything. pretty soon gov.org will only have to bail out a handfull of oligarchs when TSHF. since i don't buy any of their crap food wtf. but, the lobby goes on. hopeless getting out the gmo poisnous disaster to come. big pharma loves this. moar death disgussed as cancer. learning to hate buffet and all his ilk...only getting worse in the land diminishing choice.
Who ever down voted your comment should be fed only mac n cheese and raped the rest of their life lol
Ya mix Heinz with Kraft .... you get Thousand Island dressing .... code word for the Carribean !
So....Obozo is going to invade Granada as the only "sure win" for the US MIC?
Soylent green? Soylent green, from a one payer medical system to a single food giant. Oh the irony. Truth is always stranger than fiction.
I guess buffet keeps waging war in the middle class and is winning
Prepared "foodish-things" is the ultimate "biotech".
Soylent IS real. Industrialized, gmo'd, reprocessed, bleached, preserved, enriched, and then fried into a nice little tasty niblet is the perfect trojan horse.
Feel shitty, tired, depressed?
Don't exercise, breath deeply?
Take Pill X Problem Reaction Solution, bitchez
Just look at American cheese. Wrong color though.
"synergy"
20 years ago, a college professor of mine said "if you hear the word "synergy", prepare for failure".
Citigroup
AOL Time Warner
etc.
etc.
etc.
All the foods that make you, your children and your unborn children sick are served up by 5 CO's now!!!
Fucking great!!
So now Kraft will be available in all 57 states?
58 including Ukraine
Perfect! Because they can use all the leftover rat feces from ketchup making into adding a nice velvety texture to the nacho cheese spread.
including Ukraine
Send lawyers, guns, and snipers........dad get me out of this.
Coming soon to a supermarket near you, Uncle Warren's Ketchup Flavored Mac & Cheese! Try our one of other 56 flavors...
buffet seeing that direct payment at walmart for all this crap food. what a scam.
cycle of captured buyers. 50 million ready made hungry dumb fucks that can't read a label.
Thirst . thanks for that... you have just cured my ketsup craving... for all time. Much obliged.
Hey Tyler, leave Grandpa Warren alone. He is an old man.
Buffet is a cute old man. Probably smells like Aspen Wood, Hamster cage chips.
An American Billionaire with our best interests at heart.
an old man fucking with america's future generations .
"58 including Ukraine" - with Poroshenko's Roshen group as the exclusive importer. This will contribute to a at least partial compensation of our most loyal Oligarch there for his tremendous sacrifices he took in the heroic fight for a free and democratic Ukraine.
You know where Obama got that number 57 .... there are 57 Islamic states .... and he is a Muslim !
57 is also a steak sauce, and Obama likes steak..go figure.
Nah. He's not a Muslim. But he does gravitate to Black/Brown Power movements. Islam is not a religion. It's a Brown Power movement, Just like The Black Panthers were a Black Power movement and The Nation of Islam is a Black Power movement. All intent on overthrowing Whitey. Obama, if he is anything, is a narcissist.
"Approvals
The transaction is subject to approval by Kraft shareholders, receipt of regulatory approvals and other customary closing conditions and is expected to close in the second half of 2015."
What about the SEC. Oh I forgot....their bought and paid for
The SEC is the first check on the disbursement list. Having someone from the SEC to step away from their pornstravaganzas to cash the check is a different problem.
This is another example of monopolistic merging that is designed to rape the average person. How the US government can stand by and not refuse these megamergers only tells me the system is both corrupt and in such bad shape that no one moves to stop them.
Running it out of Chicago. Perfect.
Why? Cause it's all part of the
go mint plan to enslave the populace.
After being fired by my bank I ended
up at BB and B making $12.50/hr, maximum
25/hrs per week. I'm so proud I've helped
bring the unemployment rate down. Row, Row (drum beat loud)
lol, gubmint IS the business! ONE government - ONE corporation. The dystopian sci-fi film reality is closer than we think, scary shit is unravelling at a rather fast pace in fact.
Two of shit is shit. If they really want fuck you they'd merge theses "food" companies wih a railroad and force This shit on your kids.
That sounds familiar for some reason.
Well, to me it appears that Buffet is trying to go the Con Agra route...
Con Agra owns Reddi Wip & Hebrew National [so they already have the "Whipped cream on Shit" market cornered].
Were they union? If they were, good!
Edgy and cynical.....this isn't your first time is it?
Haft,or Kreinz ?
Wonder if they're gonna merge the New England Patriots & Pittsburgh Steelers
First we had extruded cheese. Now we will have extruded beenz.
Already have them .... refried Pinto or Bayo beans .... in a pouch .... 50 cents ! Think of the "Beanergies" this deal will liberate ?
Marie Haft and John Kreinz ?
Conflict of Interest by John Kerry??
Thanks, Warren. Just what the country needed. And this guy advises the president?
Only half as much as Al Sharpton does.......thank goodness.
Heinz Kraft Company
5th Largest in the World Doesn't say "Anti-Competition" or "Anti-Trust" to bought judges...
And coincidentally 3rd largest in USA doesn't trigger action from the US BAR Association, the Self Regulating Lawyers Association...??
- Bankers on Wall Street, Politicians in VICHY DC, Lawyers, Judges, and Lobbyist are all Self Regulating.
- OR they are part of a COUP on US Constitution and Established Law
- Or they are part of a Reinvention of Government by the Ivy League or Trilateral Commission
- Or there is some other Massive Influence like Greed or Blackmail going on
- Small Businesses have no Rights, no wonder they are closing down faster than new businesses are being created
- How is the Price of Food in the Stores Today ZH?? Are the prices too high, not enough Competition??
No, this oligarch tells the president what to do........kinda like the old grandpa that was head of your typical mafia crime family.
Gotta love the current mantra of share buybacks and massive layoffs to boost share prices, no way that will come back to bite them at all.
I can't see how that wizened, old prick Buffet can keep living in his eithties drinking cherry coke and Dairy Queen sugar fests?
Those times are few indeed. Don't kid yourself, these fuckers know better and eat/drink nothing but the best, wholesome foods most of the time. I'm sure there are photo ops with the shit food for the dumb sheep, ya know....so they all think it's cool.
This deal should produce multiple orgasms on CNBC today.
this is great news for the jobs report
unemployment rates should fall even further
right barry? you fucking communist prick!!!
Competition is a sin
How come you cutting edge analysts didn't see this coming?
Pompous passengers .... used to complain about airline food .... then would run home .... to make mac and cheese .... bitch enough and you lose a good thing !
If you're eating this shit you're contributing to the shit. Most of Kraft foods cater to the lard ass parasites that permeate the system.
Indulge, the quicker these pieces of shit die off the better off we all are.
So far not a single comment on John Kerry profitting from this? Interesting.
You're the winner....you win a brand new sailboat....parked off of Rhode Island.
I live in a third world country .... you have no idea .... of the good will .... these companies have .... more than Russian Mayonaise Tractor Works !
Well, Mexico is not third world .... it's at least 2.5 world ! Mexicans love Taco Bell .... and the socialist government is mortified !
The ones who really love it, don't have any teeth.
I am haunted by the realization .... that if I had only brushed my teeth .... with my finger and some Arm & Hammer baking soda .... like Granpa did .... out by the water pump .... I'd still have him .... errr .... them !
Or just maybe it was Granpa's diet?
Teresa Heinz Kerry inherited the Heinz company after her husband Republican US Senator from Pennsylvania Heinz, GOY, mysteriously died in a private plane crash. Whereupon she married John "Jonah Kohn" Kerry who then had the finances to run for President etc. Kohn-Kerry's past is interesting to look into.
We see today the glories of Capitalism, just remember that Capitalism is the flip side of Communism which are both Tribal to the core.
Where does that leave Mr. Horse face?
He's too busy .... managing foreign contributions .... to the Clintown Foundation !
Under the desk with Becky.
And during the next business cycle (if there is one) the company will be broken apart creating millions more in M&A fees 'cause ya know that's what business really is or matters. Rinse, lather, repeat. This should get unemployement down below 4%, and add at least 1 pt to GDP. Pretty sure Becky Quick just had another orgasm. Was Buffett in the tub this time too?
If you are interested in drones check out this site : http://pickyourdrone.com/
Want to win a bet .... bet $5 you can stand a French fry on it's end ... then make a pile of Heinz catsup and stick it !
if i were king i would mandate that only food produced or sold must be owned by a single family..oh wait that's what we got now..but i did not mean a reptile family.
I know how to make Heinz catsup .... flow gracefully from the bottle .... no matter how many hot chicks are watching you in a coffee shop .... I will share my system .... send $25 money order .... with SASE .... to Monedas Inc. .... Tijuana !
the new name shall be Krafeinz
Good luck with the merger. It was probably out of neccessity.High immigration creates small family specialist shops. Its been at least 10 yrs since I have bought any grains or spices from a super market. I can usually get a lot more bang for my buck at the ethnic retailers.
And then come the price increases; why do we let this creep buffett turn america into one big pottersville.
I guess that will open up the Uke market for Buffet.
From the article, this really made me chuckle.
"with strong platform for organic growth "
I know, it has got nothing to do with organic in the purist sense, but to even lump that word into this article sure gives me pause.
Fuck your high fructose laden GMO derived you'll shit it out in two hours "food". Fuck it very much.
I down voted you for lack of intelligent vocabulary, with disgustingly, foul, substitutions of Black Scourgist gutter linguistics.
So are we going to start seeing commercials about how Buffett merged these companies, people were laid off, and someone's wife died because Buffett cancelled their insurance? I'm no Romney shill, but what's fair is fair...
Apart from merging two German names it is hard to see consumer benefit from a combine of food adulteraters getting together. It is how Capitalists dream of reaching Monopoly status as Kombinats showing they are really all Primitive Communists at heart
Buffet's monoploly of mass destruction.
He wants to be the American Porsche...
Great work guys! Plastic cheese and pink slips for everyone!!!
"Thousands of layoffs coming"
It's the American way. Big BIz consolidates and buys back stock so to rule America with little complaint about there actions.
I don't 'get' the public/investor adoration of that grumpy old man. He's like a plague of locusts moving through America, burning down villages, salting fields, tearing down walls. I don't think I've ever seen any of the BRK companies actually expand operations in the US. Just cut cut cut...makes Hannibal Lector look like he's using a spork.
Geez... you made me giggle
Saw my first Oblama phone last night,yes it exists! She also showed me the O card thet provides cash, food insurance ect....................I puked in my mouth, alot!
I quit buying Heinz ketchup when I noticed how smooth it had become. If you are old enough to recall the "anticipation" commercial you will also remember that it had texture to it. I have no idea what they are using now but it is so smooth that I would suggest cellulose sugar and vinegar are the main with little tomato at all. Just quit buying factory made foods, more of which are being made in China.
Winston, I think they've added a healthy H2O.
Food, my ass. It's a cancer distribution network.
Well, atleast food is a "transitory" item as stated by the FED which would imply that it regularly fluctuates. Yes, it fluctuates higher by 25% every fucking year!! Thanks Keynesian assholes for your hope and change and your food inflation. Can't wait til Smithfield takes over Nestle!!!
Nestle is a Swiss conglomerate and they own the majority of "food" production and distribution in the world.
Mmm yummy...
https://www.google.com/search?q=american+made+kraft+mac+and+cheese+banne...
Shitty food for shitty people
Inglorious Food, by inglorious bastards.
Warren only needs to buy Monsanto or ADM and Newcomer Funeral Homes and he'll have the complete cycle, truly, "cradle to grave." Grow shit, feed it to useless morons, kill them, embalm them, bury them (well, maybe, because burning them would probably be cheaper).
Most of you around here have read science fiction, right? And, what has always been predicted by sci-fi writers? Big, huge corporations that own anything.
Try John Brunner's "Stand on Zanzibar" for starters. Written in 1968, Amazon just re-issued it a few years back. When I was in college back in the early 70s it was required reading for a great sociology course I took called, Is a competent citizen possible in today's technological society?
Yes, that was the actual course name. And, you know what? Mostly, the class came to the undeniable conclusion that most citizens in a rapidly advancing technological world would be unprepared and unaware. That was 1971. And here we are. 1/6th of the country on welfare. Close to half of the rest of the working-age population working for some form of government.
We lost our country, in a really bad way. Prep or die, bitchez.
Unfortunately your rant pretty much nails it.
Wonder how long before they start producing Soylent Green...
https://twitter.com/balaclavian/status/580718812380540928/photo/1
All the foods that make you, your children and your unborn children sick are served up by 5 CO's now!!!
Fucking great!!
I shop at Trader Joe's. This news has no [direct] bearing on my family. As far as indirect.... still collating...
I try to boycot all of Buffett owned businesses. I'll add this combo to the list with pleasure.
Once we have taken efficiency, offshoring, mergers, computerization, robotization, and droning to their logical ends we will all freeze in the dark because there will be no middle class consumers to buy all of the crap that these black box industries will be spitting out.
Enough with this "layoff" crap already. The vast majority of the people that will be sacked, fired etc. won't be coming back.
"Layoff" was a term used in the old normal. We're in the "new" normal now. That giant sucking sound is Buffett swallowing another company in the name of crapitalism.
Combine (Russian: Kombinat):
A large industrial enterprise that combines several different enterprises that are related to each other by a technological process or through an administration, e.g. The Kraft-Heinz Company.
Soon the means of production will be consolidated into very few firms which will naturally be so close to the us government as to be one and the same in interest and the transmorgification to neo-socialism will be complete. People that work for government and large companies will prosper at the expense of the rest. But don't worry - it's all in your best interest and besides, we need to do it before the Europeans or the Chinese do cause we want America to win right?
Unbelievable.
How lazy or stupid do you have to be to not spend 9 minutes to make real macaroni & cheese from real cheese? Mix some Coleman's dry English mustard in the roux to give it a bit of zing and use extra sharp cheddar with some of any other cheese lying around in the fridge if you're not a purist. Stiff or goopy just depends on how much milk or flour used in the roux.
The half hour bake time will allow you to pursue stupid until the bell dings. Ok. I didn't include the time it takes the water to come to a boil because I didn't feel that was particularly stressful.
Still one of my favorite side dishes.
That Kraft shit is poison in a box.
Sing it sister. Buy local, limit your fridge necessities, and learn how to melt cheese over noodles.
Anti Trust? ha
Socialists love big mergers...for it makes the case for government control when the monopoly kicks in.
It is the progression they love and they will not interrupt it.
Some folks were synergized.
Who gives a flying FUCK... If you eat any of that SHIT made by either of those off shore corporations you deserve whatever you get....
Very encouraging to read the comments on this. Warren Buffet and his pal Bill Gates are eugenics monsters. There should be a special Nuremberg style trial for them, Eric Schmidt, and the rest of these mass murdering NWO front men.
Awesome! All my favorite food products are made with synergy.
Undeniable: something is wrong with any grown man who uses the word i-c-o-n-i-c to describe bottles of ketchup & slabs of cream cheese. Is that the way corporate America thinks of its products? They are taking themselves 'waaaaaaaaaaaaay to seriously. https://en.wikipedia.org/wiki/Icon
One bank, one food company, one hard drive manufacturer etc. etc. - that's where this is going, all part of the 'consolidation' and 'streamlining'...