H.J. Heinz Company and Kraft Foods Group sign definitive merger agreement to form The Kraft Heinz Company

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Kraft Heinz Company Infographic

http://www.prnewswire.com/news-releases/hj-heinz-company-and-kraft-foods-group-sign-definitive-merger-agreement-to-form-the-kraft-heinz-company-300055709.html

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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