Lates News

On August 29th, the Wall Street Journal reported that Kraft Heinz is on the verge of finalizing a spin-off plan, which could be announced as early as the beginning of next week. The company plans to spin off most of its grocery business into a new company, with the new entity potentially being valued at up to $20 billion. As a result of this news, Kraft Heinz's stock surged in trading, rising nearly 2% to $27.75.