No. of Recommendations: 1
Berkshire Hathaway May Sell Stock in Kraft Heinz, Filing States
Key Points
About This Summary
Berkshire Hathaway may sell shares from its $7.8 billion equity stake in Kraft Heinz, according to a prospectus filed.
Berkshire Hathaway holds a 27.5% stake in Kraft Heinz, totaling 325.4 million shares.
Kraft Heinz stock fell nearly 5% to $22.59 in after-hours trading, below its 52-week low.
Berkshire Hathaway
BRK.B
-1.60%
may sell shares from its $7.8 billion equity stake in Kraft Heinz
KHC
+0.98%
, according to a prospectus filed late Tuesday with the Securities and Exchange Commission.
The front page of the prospectus says that Berkshire, which received the Kraft Heinz equity as part of a merger of Kraft and Heinz in 2015, may “offer to sell from time to time” shares from that stake. Berkshire now holds a 27.5% stake in the food company—or 325.4 million shares.
Kraft Heinz stock is trading lower in after-hours activity, falling nearly 5% to $22.59, below its 52-week low, as investors react to the possibility that Berkshire could sell part or all of its big stake in the food company."
barrons.com - Berkshire hathaway sell kraft heinz 