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Will Buffett and Kraft Heinz launch hostile bid for Unilever?

Battle of the brands: Unilever vs. Kraft Heinz

Back in February, food and consumer goods conglomerate Kraft Heinz walked away from plans to buy rival Unilever for more than $140 billion.

But that deal may still have life.

One analyst thinks the ketchup king, which is backed by billionaire Warren Buffett's Berkshire Hathaway and private equity powerhouse 3G Capital Partners, may make another -- and possibly hostile -- bid for Unilever (UL) as soon as next month.

Sure, it would cost Kraft Heinz (KHC) some more pounds and euros to buy the Anglo-Dutch Unilever (UN), now that shares of both classes of Unilever stock are up more than 20% since mid-February. Some estimates say it would take as much as $200 billion.

Yet it still might be worth it for Kraft Heinz to take another crack, according to Susquehanna Financial Group analyst Pablo Zuanic.

In a report earlier this week, Zuanic suggested an...