Why Kraft Heinz halted its break-up plan

Warren Buffett-backed food behemoth Kraft Heinz (KHC) has pressed pause on its work to split into two separate businesses. This unexpected turn of events, twinned with a Q4 revenue miss, sent shares in the Chicago-headquartered firm 6% lower to $23.5 in pre-market trading. Share price: $23.5 (-6%) PE: 9.8x Market cap: $29.5bn Yield: 6.5% The … Continue reading Why Kraft Heinz halted its break-up plan