Kraft Heinz Looking at M&A Opportunities; Berkshire Hathaway Leaves Board
Kraft Heinz said it was looking at strategic transactions as demand for its pricey snacks and ready-to-eat meals weakens in an uncertain economic environment.
The company also said Timothy Kenesey and Alicia Knapp, executives at Berkshire Hathaway-owned companies, were leaving its board of directors after Warren Buffett's conglomerate said it would no longer hold board seats.
Kraft Heinz has been looking for potential merger and acquisition opportunities "over the past several months", chief executive officer Carlos Abrams-Rivera said in a statement...
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