Kraft's shares rose about 17 percent in premarket trading after the announcement of the deal, which will bring Heinz back to the public market following its takeover two years ago. The combined company will have revenue of about $28 billion, the companies said in a statement on Wednesday. Kraft shareholders will own a 49 percent stake in the combined company and Heinz shareholders 51 percent. Kraft shareholders will get one share in the combined company, to be called the Kraft Heinz Co, and a special cash dividend of $16.50 for every share held.
via Business News http://ift.tt/19kwltM
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