03-25-2015, 01:29 AM
(03-24-2015, 11:07 PM)Dividend Watcher Wrote: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.
I dont understand what you're saying here. KRFT just got a nice little 16% bump based on this news.