Kraft Heinz fell over 4% after hours, possibly due to Berkshire Hathaway (BRK) selling its 27.5% stake
According to regulatory documents, Berkshire Hathaway (BRK.A.US) may sell its 27.5% stake in Kraft Heinz (KHC.US), exiting an investment made over a decade ago.
Kraft Heinz has submitted a filing to the U.S. Securities and Exchange Commission, registering that Berkshire may resell its 325.4 million shares of Kraft Heinz.
Berkshire is the largest shareholder of Kraft Heinz, and following the news, Kraft Heinz's stock price fell 4.25% to $22.75 in after-hours trading. Kraft Heinz stated that it will continue to focus on its business and maximizing long-term shareholder value
Source: AASTOCKS The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments