Dive Summary:

• With the influx of money a takeover would bring, analysts expect Heinz to cut and restructure many of its businesses.
• The takeover would make Heinz privately held, making it much easier to restructure without having to get shareholder approval.
• In particular, Heinz's struggling frozen food sector is expected to be on the chopping block.

From the article:

“Investors have begun to wonder whether the company should dispose of the troubled frozen business in the
U.S. and expand exposure to the faster growing baby food category in developing markets.

"However, since the dividend payout was such an important feature of the investment case for Heinz, disposing of the frozen business while still a public company would have been problematic. As such, the move to private ownership could facilitate more restructuring and the sale of one or more of its businesses.”