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Tuesday, March 24, 2015

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

Private equity firm 3G Capital is in talks to acquire Kraft Foods Group Inc, a source familiar with the matter told Reuters on Tuesday.The value of the deal was not immediately known. Kraft's shares rose as much as 15 percent to $70.55 in trading after the bell.The Wall Street Journal first reported on the possible deal.3G Capital and Kraft were not reachable for comment outside regular U.S. business hours.

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 3412424.