article_snippet: H.J. Heinz Co. is buying Kraft Foods, creating one of the largest food and beverage companies in the world with annual revenue of about $28 billion.
article_snippet: H.J. Heinz Co. will own Kraft, Heinz, Oscar Mayer, Ore-Ida and other brands.
article_snippet: Eight of Kraft, Heinz, Oscar Mayer, Ore-Ida and other brands have annual sales of $1 billion or more and five others log sales between $500 million and $1 billon every year.
article_snippet: Making moves: H.J. Heinz Co. is buying Kraft Foods, creating one of the largest food and beverage companies in the world the world with annual revenue of about $28 billion .
article_snippet: Shares of Kraft jumped 26per cent Wednesday before the opening bell.
article_snippet: Kraft shareholders will receive stock in Warren Buffett's Berkshire Hathaway and Brazilian investment firm 3G Capital and a special cash dividend of approximately $10 billion, or $16.50 per share.
article_snippet: Each share of Kraft will be converted into one share of Heinz.
article_snippet: Here's a look at companies and brands that will be combined under the Heinz-Kraft deal: .
article_snippet: Current Heinz shareholders will own 51per cent of the combined company, with Kraft Foods Group Inc. shareholders owning a 49per cent stake.
article_snippet: a deal valued at $23.3 billion two years ago still needs a nod from federal regulators as well as shareholders of Kraft Foods Group Inc., but the boards of both companies unanimously approved a deal valued at $23.3 billion two years ago.
article_snippet: Heinz plans to keep Kraft Foods Group Inc.'s current dividend per share once the transaction closes.
article_snippet: Kraft Foods Group Inc. has no plans to change Kraft Foods Group Inc. dividend before a deal valued at $23.3 billion two years ago is complete.
highlights_snippet: The deal to bring together the two companies still needs a nod from federal regulators as well as shareholders of Kraft Foods Group Inc.
  