3G Capital Reportedly In Advanced Talks To Buy Kraft Foods; Stock Surges
25-Mar-2015
- USA
The investment firm would use H.J. Heinz Co., which it acquired two years ago, to make the investment, effectively merging the two food companies, the report said. The report indicated that a deal could be announced soon. It is possible the talks could fall apart before a deal is reached. KRFT closed Tuesday trading at $61.33, down $0.79 or 1.28%. However, in after hours, the stock surged $10.12 or 16.49%. (dpa)
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