Deals
Buffett’s Sticking With Kraft Heinz, But Won’t Be Buying More
- Berkshire recently looked at a large deal that fell through
- The wealthy are undertaxed, Buffett says in interview on CNBC
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Warren Buffett isn’t giving up on Kraft Heinz Co. after its $15.4 billion writedown last week, but don’t expect him to buy more of its shares.
“I have absolutely no intention of selling. I’ve got absolutely no intention of buying,” Buffett said Monday in an interview with CNBC. He won’t buy more of the packaged-food giant “because it isn’t worth as much.”