BUZZ-Kraft Heinz falls after filing shows Berkshire may shed stake
Reuters
Jan 21
BUZZ-Kraft Heinz falls after filing shows Berkshire may shed stake
** Shares of Kraft Heinz KHC.O slip 3.9% to $22.82 before the bell
** Berkshire Hathaway BRKa.Nmay shed its 27.5% stake in Kraft Heinz, according to a regulatory filing, and exit a more than decade-old investment
** Berkshire is by far the largest shareholder of Kraft Heinz, whose merger it helped engineer in 2015 with Brazilian private equity firm 3G Capital
** The combination of the former Kraft Foods and H.J. Heinz proved disappointing, and the combined company said in September it would split in two later this year
** Separately, J.P.Morgan and Jefferies trims PT on the stock
** KHC fell ~21% in 2025
(Reporting by Joel Jose in Bengaluru)
((mail to: Joeljose@thomsonreuters.com))
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