mercredi 25 mars 2015
Buffett's HJ Heinz to merge with Kraft Foods
Posted on 05:06 by nice news
Kraft Foods Group and H.J. Heinz announced Wednesday that they will merge to create The Kraft Heinz Co.
Kraft shareholders will receive stock in the combined company and a special cash dividend of $16.50 per share, financed by a $10 billion investment from private equity firm 3G Capital and Warren Buffett's Berkshire Hathaway.
Under the terms of the deal, Heinz will return to the public market with a 51 percent ownership of Kraft. Current holders of Kraft stock will own 49 percent of the company.
Shares of Kraft Foods were up nearly 15 percent in premarket trading prior to the opening bell.
The combined company will have revenue of about $28 billion, the companies said. It will have eight brands
Kraft shareholders will receive stock in the combined company and a special cash dividend of $16.50 per share, financed by a $10 billion investment from private equity firm 3G Capital and Warren Buffett's Berkshire Hathaway.
Under the terms of the deal, Heinz will return to the public market with a 51 percent ownership of Kraft. Current holders of Kraft stock will own 49 percent of the company.
Shares of Kraft Foods were up nearly 15 percent in premarket trading prior to the opening bell.
The combined company will have revenue of about $28 billion, the companies said. It will have eight brands
Buffett's HJ Heinz to merge with Kraft Foods
Categories: Buffetts HJ Heinz to merge with Kraft Foods
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