Kraft and Heinz to form North America's No.3 food company

[IDemo]

Source: Reuters

Kraft Foods Group Inc, the maker of Velveeta cheese, will merge with ketchup maker H.J. Heinz Co, owned by 3G Capital and Warren Buffett's Berkshire Hathaway Inc, to form North America's third-largest food and beverage company.

Kraft's shares rose 34 percent to $82.50 in premarket trading on Wednesday.

The combined company, to be led by Heinz Chief Executive Bernardo Hees, will have revenue of about $28 billion, less than half that of market leader PepsiCo in 2014.

Kraft, like other packaged-food makers, is battling sluggish demand as consumers shift to products that are perceived to be healthier.

Read more: http://www.reuters.com/article/2015/03/25/us-kraft-m-a-heinz-idUSKBN0ML0YK20150325

[Sherman A1]

1. Previously posted

http://www.democraticunderground.com/111665924

[IDemo]

2. Yes, but not in LBN n/t

[Freddie]

3. Just don't f*ck with the ketchup, that's all. Nt

[Auggie]

4. Nothing more than a deal to enrich stockholders

[global1]

7. Too Big To Stale.....nt

[My Good Babushka]

5. Will Heinz have to hire more employees

to pick the metal bits out of the Mac n' Cheese?

[HomerRamone]

6. Cheese Ketchup for Instant Cheeseburgers! nt

[NuclearDem]

8. Heinzkraft--51 flavors of creeper.

[wordpix]

9. crap food, all of it, tons of sugar, salt, corn syrup, colors, preservatives...

give me an organic salad any day

[snooper2]

10. you don't use Philadelphia Cream Cheese?

[wordpix]

14. I use Organic Valley but very little

[Lodestar]

11. What has happened to our ANTI-TRUST laws??? n/t

[joshcryer]

12. Bush judges.

SEC has given up.

[nomorenomore08]

13. Like some hideous frankenfood Voltron...