Deals
The Next Logical Step at Kraft: Job Cuts?
Kraft and Heinz: What Is 3G’s Business Plan?
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Kraft Foods Group Inc. employees should brace for job cuts.
H.J. Heinz, which is controlled by Warren Buffett’s Berkshire Hathaway Inc. and buyout firm 3G Capital, said Wednesday that it agreed to buy the macaroni-and-cheese maker in a cash-and-stock deal. The companies said the combination will produce $1.5 billion in annual cost savings by the end of 2017 and probably add to earnings per share that year.