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Kraft Foods and H.J. Heinz announce plans to merge and form The Kraft Heinz Company, with Bernardo Hees serving as CEO. The merger will create a combined entity, with Kraft shareholders owning 49% and Heinz shareholders owning 51%. Berkshire Hathaway and 3G Capital will fully fund the $10 billion special dividend payment. This strategic move aims to leverage synergies and create one of the largest food and beverage companies.
Tuesday, 24 March, 2015