How will the new mega-company, formed by the merger of Heinz and Kraft Foods, affect our region?
H.J. Heinz Co. is buying Kraft Foods Group Inc., creating what the companies say will be the third-largest food and beverage company in North America.
Food company H.J. Heinz Co. is eliminating 600 jobs across the U.S. and in Canada, including 350 in Pittsburgh.
It’s almost a done deal, with 95 percent of the shareholders approving the acquisition of Heinz by Berkshire Company and a Brazilian private equity company for $72.50 per share.
Federal regulators have alleged that a brokerage account in Switzerland was used for illegal insider trading ahead of the H.J. Heinz acquisition Thursday.