Kraft Heinz Reverses Course: Buffett’s Landmark Merger to Be Unwound

Warren Buffett’s ambitious 2015 plan to create a dominant global food giant through the merger of Kraft and Heinz is being dramatically reversed. A decade after the landmark deal, the company has announced it will split into two separate publicly traded entities, marking a stunning strategic retreat that has drawn rare public criticism from the famed investor himself.

The September 2nd separation announcement triggered more than a 7% stock decline?it prompted an unusual public expression of disappointment from Warren Buffett. As chairman of Berkshire Hathaway, Kraft Heinz’s largest shareholder, Buffett characterized the decision to CNBC as a step backward from the strategic vision he originally championed. Such open disapproval of a portfolio company’s direction is highly uncharacteristic of the... Read more...