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Transcripts For CNBC Squawk Box 20170221

Wti is higher by 87 cents, 54. 27. Brent is higher as well, 92 cents. 57. 10 over in london. Nat gas is lower by 7 cents. Decline of more than 2 . Among the top corporate stories, kraft heinz is withdrawing its bid for a merger with unilever. Kraft worried that it would be too hard to negotiate after the Public Disclosure of its bid so quickly. A kraft spokesman said the company intended to proceed on a friendly basis but found unilever did not wanted to pursue a transaction. Restaurant brands is in advanced talks to buy popeyes. The deal will probably be valuing popeyes at 1. 7 billion. An announcement could come this week. Wandas proposed 1 billion acquisition of Dick Clark Productions is under pressure. Wanda is run by chinas richest man. It already owns Legendary Entertainment and amc entertainment. Reuters reports wandas deal for dick clark is shaky but not yet dead. Part of the problem is they cant get the money out of the country. By the way, on this kraft heinz deal tell us. It

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