Deals
Buffett Awaits $8 Billion of ‘Bad News’ With Kraft Heinz Payment
- Food company poised to redeem Berkshire’s preferred shares
- The investment has been paying 9 percent annual dividend
Buffett Awaits $8 Billion Kraft Heinz Payment
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Warren Buffett is about to get back the $8 billion -- plus a little extra -- that his Berkshire Hathaway Inc. invested in Kraft Heinz Co.
“That will be good news for Kraft Heinz,” he wrote in his most recent annual letter to shareholders, “and bad news for Berkshire.”