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HJ Heinz buying Kraft in deal to build food giant
The News-Gazette ^
| 3-25-2015
| AP
Posted on 03/25/2015 6:22:26 AM PDT by Citizen Zed
H.J. Heinz Co. is buying Kraft Foods, creating one of the largest food and beverage companies in the world with annual revenue in excess of $28 billion.
That means the Kraft plant in Champaign -- one of the company's largest production facilities and a major Champaign employer, will have a much larger parent compny.with many more brands.
The deal was engineered by Warren Buffetts Berkshire Hathaway and the company that owns Heinz, Brazilian investment firm 3G Capital. Berkshire and 3G will invest $10 billion in what will come to be known as The Kraft Heinz Co.
The company, the third largest of its kind in North America, will own Kraft, Heinz, Oscar Mayer, Ore-Ida and other brands. It will maintain headquarters in Pittsburgh, where Heinz is based, and also in the Chicago area, where Kraft resides.
Shares of Kraft jumped more than 14 percent Wednesday before the opening bell.
(Excerpt) Read more at news-gazette.com ...
TOPICS: Chit/Chat
KEYWORDS:
It's the cheesiest.
To: Citizen Zed
HJ Heinz buying Kraft in deal to build food giant There's only one food giant..
2
posted on
03/25/2015 6:24:57 AM PDT
by
BerniesFriend
(Sarah Palin-"Lord knows she's attractive" says bitter Andrea Mitchell and the rest of the MSM)
To: BerniesFriend
How much will Lurch and Terayza make on the deal?
3
posted on
03/25/2015 6:26:04 AM PDT
by
dfwgator
To: Citizen Zed
Whatever happened to Huge Conglomerate Beatrice??
4
posted on
03/25/2015 6:26:29 AM PDT
by
MeshugeMikey
("Never, Never, Never, Give Up," Winston Churchill ><>)
To: BerniesFriend
"There's only one food giant.."
Would that be the Jolly (Ho, Ho, Ho) Green Giant?
5
posted on
03/25/2015 6:28:19 AM PDT
by
Psalm 73
("Gentlemen, you can't fight in here - this is the War Room".)
To: Citizen Zed
Aha! We just found the way some of those unaccounted billions from the State Department were laundered.
6
posted on
03/25/2015 6:32:17 AM PDT
by
Safetgiver
( Islam makes barbarism look genteel.)
To: Citizen Zed
Are people going to make fun of him for listening to Glenn Beck? Isn't this like hoarding food??. 😜
7
posted on
03/25/2015 6:37:25 AM PDT
by
jdsteel
(Give me freedom, not more government.)
To: Citizen Zed
Will the new company be named Kreinz or Haft?
8
posted on
03/25/2015 6:37:26 AM PDT
by
Catmom
(We're all gonna get the punishment only some of us deserve.)
To: Catmom
I would have guessed before this article that Kraft was the bigger company of the two.
To: Citizen Zed
Wow, they have a lock on both of the kid’s food groups; ketchup and mac & cheese.
10
posted on
03/25/2015 6:44:28 AM PDT
by
WinMod70
To: Citizen Zed
What ever happened to rules about monopolies and mergers?
11
posted on
03/25/2015 6:48:29 AM PDT
by
a fool in paradise
(Shickl-Gruber's Big Lie gave us Hussein's Un-Affordable Care act (HUAC).)
To: Citizen Zed
John Kerry’s cheesehead comment regains steam.
To: a fool in paradise
What ever happened to rules about monopolies and mergers? Anti-Trust Laws...pfft....what are those?
13
posted on
03/25/2015 6:56:27 AM PDT
by
dfwgator
To: dfwgator
(Ignore the finances of my example)... I suspect that a Hobby Lobby buyout of WalMart would be blocked as being 'bad' for the public interest.
14
posted on
03/25/2015 7:03:01 AM PDT
by
a fool in paradise
(Shickl-Gruber's Big Lie gave us Hussein's Un-Affordable Care act (HUAC).)
To: ConservativeStatement
15
posted on
03/25/2015 7:03:53 AM PDT
by
a fool in paradise
(Shickl-Gruber's Big Lie gave us Hussein's Un-Affordable Care act (HUAC).)
To: a fool in paradise
Good thing is The John Heinz family ( whose John Kerry is living off has no stock) But Warren Buffett is financing the deal which means no problems with this happening because crony capitalism.
To: Citizen Zed
I was actually having an argument the other day with an Obamabot who was touting that the DOW is at record levels and people are getting wealthier. I said.. Yes, the 1% are certainly getting richer. But remind me, didn’t your President run on helping the 99%ers?
17
posted on
03/25/2015 7:29:32 AM PDT
by
Hildy
To: Citizen Zed
So these two giants who have thrived for decades today see no way to grow revenues - other than to merge and realize cost savings by eliminating redundancies.
Nice commentary on the Obama economy.
18
posted on
03/25/2015 7:31:23 AM PDT
by
Mr. Jeeves
(Heteropatriarchal Capitalist)
To: Mr. Jeeves
shows the cancer in today’s “free market”.
19
posted on
03/25/2015 7:48:41 AM PDT
by
roofgoat
To: dfwgator
How much will Lurch and Terayza make on the deal? Nothing. They haven't had any thing to do with the company it in years.
20
posted on
03/25/2015 7:50:48 AM PDT
by
Ditto
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