PRESS DIGEST- Financial Times - Feb 20
Feb 20 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Dec 23 Hilton Worldwide Holdings Inc
* Remaining $70 million of proceeds will be distributed to Hilton parent prior to consummation of spin-off of Co from Hilton parent
* On Dec 19, indirect subsidiary drew down $300 million under receivables loan agreement, dated as of May 9, 2013 - SEC filing
* About $230 million of proceeds used to repay intercompany debt owed by Co, units to certain units of Hilton Worldwide Holdings Further company coverage:
NEW YORK, Feb 19 U.S. food company Kraft Heinz Co withdrew its proposal for a $143-billion merger with larger rival Unilever Plc, the companies said on Sunday, raising questions about whether Kraft will turn its focus to another target.
LONDON, Feb 17 John Fallon needs to show he has a plan to navigate Pearson through the sinking sands of its main markets when the world's biggest education company reports full-year results.