UPDATE: Stifel Nicolaus Terminates Coverage on H.J. Heinz Company Following Acquisition
In a report published Tuesday, Stifel Nicolaus analyst Christopher Growe terminated coverage on H.J. Heinz (NYSE: HNZ).
In the report, Stifel Nicolaus noted, “We are discontinuing coverage of H.J. Heinz Company (HNZ) due to the company's acquisition by 3G and Berkshire Hathaway for $75.00 per share in cash. Our last rating on the stock was Hold. Our last FY2013 estimates for HNZ were EPS of $3.53 and $11.6 billion of sales.”
H.J. Heinz closed on Monday at $72.49.
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