US EditionWarren Buffett’s successor eyes selling off Berkshire Hathaway’s 325 million Kraft Heinz shares
Berkshire Hathaway registered to potentially sell its entire 27.5% stake in Kraft Heinz, signaling a strategic shift under new CEO Greg Abel amid company restructuring.
- On Tuesday, Kraft Heinz registered a prospectus supplement with U.S. stock‑market regulators to potentially resell up to 325.4 million shares held by Berkshire Hathaway.
- On January 1, Greg Abel became Berkshire's CEO and now reassesses holdings after a $3.76 billion writedown and Kraft Heinz Co.'s planned split altered the investment thesis.
- Since the merger, Kraft Heinz shares have fallen dramatically after Berkshire Hathaway and 3G Capital orchestrated the $46 billion merger, with shares plunging about 70%.
- Shares reacted immediately, sliding to $22.85 after the disclosure, while Stifel analysts said the registration provides Berkshire Hathaway flexibility to reduce its position; Berkshire Hathaway did not respond to questions.
- Investors will watch filings around Feb. 15 for a clearer picture as reducing the stake could free capital for other investments, reflecting Greg Abel's evolving strategy at Berkshire Hathaway.
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47 Articles
The Epoch Times
America First ReportBerkshire Hathaway May Exit Its Nearly 30 Percent Stake in Kraft Heinz
Berkshire Hathaway, the global conglomerate chaired by Warren Buffett, is considering a 28 percent divestiture in Kraft Heinz, an international food and beverage corporation. It would be, if implemented, one of the most significant moves yet under Greg Abel, Berkshire Hathaway’s CEO, who succeeded Warren Buffett earlier this year. A Jan. 20 filing with the Securities and Exchange Commission (SEC) shows that Berkshire intends to register the pote…
Business Insider
The New York LedgerWarren Buffett's successor just took a key step toward unloading Berkshire's troubled stake in Kraft Heinz
Warren Buffett built his fortune through long-term investing at his firm, Berkshire Hathaway.Johannes EISELE / AFP via Getty ImagesBerkshire took a step toward offloading one of Warren Buffett's underperforming investments. The conglomerate could sell its entire stake in Kraft Heinz, according to a new filing.Shares of the food company are down 76% from their peak in 2017, a rare misfire for Buffett.Warren Buffett's successor is kicking off his …
Greg Abel, the successor of Warren Buffett at Berkshire Hathaway, is the first important decision to correct an error of the investment legend. Also because Kraft Heinz wants to split up again.
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