Kraft Foods Group Inc, maker of Velveeta cheese and Oscar Mayer meats, is in talks to be acquired by Brazilian private equity firm 3G Capital, a source familiar with the matter told Reuters on Tuesday.3G teamed up with Warren Buffett's Berkshire Hathaway Inc to acquire Ketchup maker H.J. Heinz Co for $23.2 billion two years ago. 3G is now expected to merge Kraft with Heinz if it clinches a deal.Buffett had said in May he expected to work with 3G on more transactions.Shares of Kraft, which is battling sluggish demand for packaged food products in the United States, rose as much as 16.5 percent to $71.44 in trading after the bell.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-A fell by 0.75% or $-1641.0/share to $217005.00. 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 344.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-B fell by 0.87% or $-1.27/share to $144.29. 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 2764549.
Kraft Foods Group, Inc. is a consumer packaged food and beverage company. Shares of KRFT fell by 1.28% or $-0.795/share to $61.32. In the past year, the shares have traded as low as $53.33 and as high as $67.74. On average, 2992940 shares of KRFT exchange hands on a given day and today's volume is recorded at 3416743.
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