BUZZ-Kraft Heinz rises on report packaged food firm nears deal to break up

Reuters
08/30
BUZZ-Kraft Heinz rises on report packaged food firm nears deal to break up

** Shares of packaged food maker Kraft Heinz KHC.O rise about 2% to $27.80

** Co is closing in on a plan to break itself up, according to a Wall Street Journal report

** The deal, aimed at splitting the company into separate grocery and sauces units, could be finalized as early as next week, the report said

** Including session's moves, KHC stock down 10% YTD

(Reporting by Anshi Sancheti)

((Anshi.Sancheti@thomsonreuters.com))

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