Humans are nothing if not pattern recognition machines. Even in random data, we see patterns. So Bloomberg’s report that Jorge Paulo Lemann’s 3G is expected by some to be ready to do another large deal is no surprise. Never mind that the supposition is based on a mere two data points: two years separated 3G’s 2013 acquisition of… Read More »
Less than 3 years after being spun off from then Kraft Foods (now the ill-named Mondelez [MDLZ]), Kraft Foods Group (KRFT) has agreed to a merger with Heinz. Heinz was taken private in 2013 by Brazilian private equity firm 3G capital, with backing from Warren Buffett’s Berkshire Hathaway(BRKA,BRKB). Berkshire Hathaway and 3G will be injecting an additional $10 billion… Read More »
Heinz(HNZ) is certainly one stock that needs no introduction as it is likely to be in your pantry, if not your portfolio. On CNBC’s Fast Money, host Jim Cramer told viewers that Heinz should spin off its frozen food business: “It’s time for Heinz to spin-off its frozen division as a separate company or find someone else… Read More »