NEW YORK: The two largest food companies of the United States have decided to merge and become North America’s third biggest company.
According to the official statement, Heinz and Kraft are going to merge as Buffett. Heinz’s current shareholders will retain a 51 percent stake in the new Kraft Heinz Company, and Heinz’s controlling shareholders, US billionaire Warren Buffet and 3G Capital of Brazil, will reinvest $10 billion dollars in the new group, the statement added.
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