Combination Creates Unparalleled Portfolio of Powerful and Iconic Brands
— Merger will create the 3rd largest food and beverage company in North America and the 5th largest food and beverage company in the world.
— Combined company to be named The Kraft Heinz Company and to be co-headquartered in Pittsburgh and the Chicago area.
— The new company will have revenues of approximately $28 billion with eight $1+ billion brands and five brands between $500 million-$1 billion.
— Stock and cash transaction, with Kraft shareholders to receive a special cash dividend of $16.50 per share upon closing and stock in the combined company representing a 49% stake in the new company.
— Berkshire Hathaway and 3G Capital will invest an additional $10 billion in The Kraft Heinz Company; existing Heinz shareholders will collectively own 51% of the new company.
— Significant synergy opportunities with strong platform for organic growth…
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