Kraft profit seen lower as new investors watch

(Reuters) - Activist investors Nelson Peltz and Carl Icahn both have purchased stakes in the No. 1 U.S. packaged food maker and the Wall Street Journal reported on Thursday that Warren Buffett's Berkshire Hathaway Inc also has bought a small stake.




Kraft shares are down about 7.5 percent this year, compared with a 2.5 percent increase in the Standard & Poor's packaged foods index .


Read more at Reuters.com Business News

Lear delays vote on Icahn takeover

(Reuters) - Lear shareholders had been scheduled to vote on the nearly $2.9 billion offer from Icahn's American Real Estate Partners on June 27.




The move is aimed at giving Lear time to set the record straight with investors after criticism of the deal this week, including a negative report from proxy advisory firms including Institutional Shareholders Services and comments by money manager Pzena Investment Management, Lear said.


Read more at Reuters.com Mergers News