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4
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English
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Documents
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2015
Description
H.J. Heinz Company and Kraft Foods Group Sign Definitive Merger Agreement to Form The Kraft Heinz Company 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 in North America, as well as global expansion, by combining Kraft’s brands with Heinz’s international platform. The Kraft Heinz Company is fully committed to maintaining an investment grade rating; Company plans to maintain Kraft’s current dividend per share, which is expected to increase over time. Investment community conference call at 8:30 a.m. EDT; Media conference call at 10:00 a.m. EDT.
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Publié par
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Publié le
25 mars 2015
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Langue
English