The following bids, mergers, acquisitions and disposals were reported by 1420 GMT on Wednesday:** Kraft Foods Group Inc, the maker of Velveeta cheese, will merge with ketchup maker H.J. Heinz Co, owned by 3G Capital and Warren Buffett's Berkshire Hathaway Inc, to form North America's third-largest food and beverage company. The combined company, to be led by Heinz CEO Bernardo Hees, will have revenue of about $28 billion, about half that of market leader PepsiCo in 2014.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-A traded higher by 0.02% or $45.0/share to $217050.00. In the past year, the shares have traded as low as $181785.00 and as high as $229374.00. On average, 300 shares of BRK-A exchange hands on a given day and today's volume is recorded at 39.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-B traded higher by 0.0554% or $0.0799/share to $144.37. In the past year, the shares have traded as low as $121.09 and as high as $152.94. On average, 3687790 shares of BRK-B exchange hands on a given day and today's volume is recorded at 608482.
Kraft Foods Group, Inc. is a consumer packaged food and beverage company. Shares of KRFT traded higher by 33.45% or $20.513/share to $81.84. In the past year, the shares have traded as low as $53.33 and as high as $81.85. On average, 2992940 shares of KRFT exchange hands on a given day and today's volume is recorded at 31470809.
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