Heinz, Kraft Announce Merger

March 25, 2015 11:33 AM

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Commemorative ketchup bottles with portraits of Warren Buffett are seen at the exhibition of Berkshire Hathaway companies at the annual meeting in Omaha, Neb., on May 3, 2014. Kraft Foods said it will merge with ketchup maker H.J. Heinz Co., owned by 3G Capital and Berkshire Hathaway Inc, to form the world's fifth-largest food and beverage company.

H.J. Heinz Co. and Kraft Foods Group said they are merging to create the world's fifth-biggest food and beverage company.

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