Kraft Heinz Plan to Split Apart Nears Fruition

Kraft Heinz is closing in on a plan to break itself up, according to people familiar with the matter.

The decision would effectively undo much of the work done from the infamous merger of Kraft and Heinz in 2015, a deal orchestrated by Warren Buffett and Brazilian private-equity firm 3G Capital Partners.

A transaction could be announced as soon as early next week, the people said, cautioning the plans and timing could still change at the last minute.

The Wall Street Journal reported in July

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