Kraft announces merger with Heinz
(AGI) New York, Mar 25 - Kraft has announced that it is tomerge with Heinz to become the third largest food giant inNorth America. The new group will be controlled by Brazilianprivate equity company 3G Capital and Warren Buffet'smultinational holding company Berkshire Hathaway. Kraft hasbeen valued at 36 billion dollars. Two years ago, 3G Capitaland Berkshire Hathaway bought food giant Heinz for 23 billiondollars. Kraft shareholders will own 49 percent of the newgroup and Heinz shareholders 51 percent. Kraft shareholderswill also receive a special cash dividend of 16.50 dollars pershare,