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Tuesday, March 24, 2015

Private equity firm 3G Capital in talks to purchase Kraft Foods Group -WSJ, (NASDAQ: KRFT)

Private equity firm 3G Capital is in talks to acquire Kraft Foods Group Inc, Wall Street Journal reported on Tuesday, citing people familiar with the matter. ( Shares of the company closed at $61.32 on Nasdaq on Tuesday.

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, 2952410 shares of KRFT exchange hands on a given day and today's volume is recorded at 3404147.