Kraft Heinz may be looking at acquiring Colgate-Palmolive | Progresiv

Kraft Heinz Co. could be up for a bid for consumer packaged goods giant Colgate-Palmolive. Media reports say Kraft Heinz, which is co-headquartered in Pittsburgh and Chicago, is considering an offer for Colgate-Palmolive. That follows a May 16 report in The New York Post that said the company is open to a deal at 100 dollars a share.

Kraft Heinz wouldn't be alone. The New York Post said other potential bidders included Unilever, Johnson & Johnson and Nelson Peltz, a onetime board director and shareholder of H.J. Heinz Co. Unilever, the British conglomerate, last month turned away a bid by Kraft Heinz.

Colgate-Palmolive has declined comment on the reports and a Kraft-Heinz spokesman declined comment. (www.bizjournals.com)