Here is what you need to know. Heinz and Kraft Foods announced a mega merger. The deal gives Heinz a 51% ownership in “The Kraft Heinz Co,” and 49% ownership to Kraft shareholders. Kraft shareholders are set to receive both stock and a $16.50 special dividend. The deal was financed by a $10 billion contribution from Berkshire Hathaway and Brazilian private equity firm 3G. The ECB has told Greek banks to stop buying their government’s debt. The European Central Bank is putting the pressure on the Greek government to reach a deal with its creditors. Today’s order will take …read more
Source: Business Insider
