March 25, 2015
Kraft Foods Group Inc. said it would merge with ketchup maker H.J. Heinz Co, owned by 3G Capital and Warren Buffett's Berkshire Hathaway Inc <BRKa.N>, to form the third-largest food and beverage company in North America.
Kraft shareholders will own a 49 percent stake in the combined company and Heinz shareholders 51 percent.
Kraft shareholders will receive stock in the combined company and a special cash dividend of $16.50 per share, which will be funded by Berkshire and 3G Capital.