Latest news with #strategictransactions
Bloomberg
20-05-2025
- Business
- Bloomberg
Kraft Heinz Mulls Deals After Berkshire Hathaway Exits Board
By Kraft Heinz Co. said it is evaluating potential 'strategic transactions' in an effort to boost its stock price, and announced that Berkshire Hathaway Inc. is giving up its seats on the board. The beleaguered owner of the Heinz and Oscar Mayer brands cut its annual sales and profit outlook earlier this month after posting its sixth straight quarter of revenue declines. Inflation, recession fears, mounting competition and the threat of tariffs have been weighing on consumer confidence and the company's performance.
Wall Street Journal
20-05-2025
- Business
- Wall Street Journal
Kraft Heinz Evaluating Strategic Transactions, Berkshire Hathaway Steps Away from Board
Kraft Heinz KHC 0.07%increase; green up pointing triangle said it has been evaluating potential strategic transactions for the past several months, a disclosure that came as the maker of ketchup and sliced cheese said two members are stepping down from its board. Chief Executive Carlos Abrams-Rivera didn't say Tuesday what potential transactions the company has been reviewing, though he noted the goal of any deal would be to unlock shareholder value.
