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Berkshire overpaid for Kraft Heinz, says Warren Buffett
short by Shruti Maria Mahendar / on Monday, 25 February, 2019
Warren Buffett on Monday said his company Berkshire Hathaway overpaid in the $49-billion merger that created Kraft Heinz. "I was wrong in a couple of ways about Kraft Heinz," he added. Berkshire, which holds a 26.7% stake in Kraft Heinz, teamed up with Brazilian firm 3G in 2015 to merge Kraft Foods with HJ Heinz.
read more at Times Now