It’s time for Jorge Paulo Lemann to get back in the hunt.
That, anyway, is the word inside the food industry, where the Brazilian billionaire has been doing blockbuster deals roughly every two years. In 2013, he persuaded Warren Buffett to team up on H.J. Heinz. Then, in 2015, the duo orchestrated the $55 billion merger of Heinz and Kraft Foods.
“It’s logical that this would be the year,” said David Palmer, a food industry analyst at RBC Capital.
The talk has traders on edge. Last...