Beer Business Daily – beer industry news and numbers

3-G Strikes Again

Dear Client: The billionaire owners of 3G Capital (also largest shareholders of ABI) are "in advanced talks" to acquire Kraft Foods Group Inc., per Wall Street Journal report, citing unnamed sources familiar with the matter. The deal is valued to be upwards of $40 billion and the report noted that 3G Capital had raised roughly $5 billion to fund acquisitions, with its purchase of food company H.J. Heinz Co., bought with the help of Warren Buffet. Shares of Kraft climbed

You need a subscription to access this article.Login now or subscribe to get daily industry insights!

Channels