03-24-2015, 11:07 PM
Quote:(Reuters) - Kraft Foods Group Inc (KRFT.O), maker of Velveeta cheese and Oscar Mayer meats, is in talks to be acquired by Brazilian private equity firm 3G Capital, a source familiar with the matter told Reuters on Tuesday.
3G teamed up with Warren Buffett's Berkshire Hathaway Inc (BRKa.N) to acquire Ketchup maker H.J. Heinz Co for $23.2 billion two years ago. 3G is now expected to merge Kraft with Heinz if it clinches a deal.
Full article here.
Great, another staple company bought by Buffet. Pretty soon we'll HAVE to sell shares just to live on in retirement because ole Warren doesn't want you to have a penny of his money. I guess that's one way to shake up management to get them to use their brand power to grow a business.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan