Information about reaching an agreement to merge with Kraft Foods Group appeared on the site HJ Heinz Company. It is expected that the combined company will be called The Kraft Heinz Company. Its headquarters are located in Chicago and Pittsburgh.
«The merger will create a structure that will take the third place among the companies in the production of food and beverages in North America and the fifth place in this segment in the world,” – noted in Heinz. It is assumed that the annual revenue would be about $ 28 billion. The structure will include eight brands worth more than $ 1 billion and five brands, which cost between $ 500 million.
Heinz shareholders gain control of 51% The Kraft Heinz Company. Holders of securities Kraft Foods Group will control 49% of the structure. They will also receive a dividend of $ 16.50 per share at the end of the reporting period. This decision was unanimously approved in the boards of directors of both assets.
«The Kraft Heinz Company sees a view to maintaining investment grade. The company plans to maintain the current dividend Kraft Foods Group to further increase them, “- said the Heinz
Holding Berkshire Hathaway, headed by Warren Buffett, and Brazilian investment fund 3G Capital, owning Heinz on a parity basis, invest in new The $ 10 billion. It is expected that the merger will close in the second half of 2015.
«I am happy to play a role in bringing these two companies and their iconic brands. This transaction will bring together two world-class organization and will benefit shareholders. I am delighted with the opportunities that will have a unified structure, “- said Buffett.
« We combine some of the most respected, famous and iconic brands in the global food industry and together create a more beautiful future “, – said John Cahill, head of Kraft Foods Group.
On the news of the merger with Heinz Kraft Foods Group shares on the NASDAQ as of 14:14 MSK increased by 23.96% compared with the previous close of trading.
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