In 2015, Berkshire Hathaway CEO Warren Buffett helped orchestrate the Kraft Heinz mega merger. On Tuesday, Kraft Heinz announced that it is splitting into two companies, effectively undoing the monster deal Buffett helped put together a decade ago.
Berkshire Hathaway has a 27.5% stake in Kraft Heinz and is its largest shareholder, per CNBC. Buffett told CNBC’s Becky Quick on Tuesday that he is “disappointed.”
“Disappointed with them coming up with this idea, and disappointed that shareholders won’t be getting a vote,” Quick said, reiterating what Buffett had told her.
Under