3G Capital
of Brazil is negotiating a deal to buy Kraft Foods, according to both the Wall
Street Journal and Reuters news agency.
3G Capital
teamed with Warren Buffet to buy H.J. Heinz, leading to the closure of the
ketchup-producing plant at Leamington, Ont.
3G Capital
was also behind the Burger King purchase of Tim Horton’s.
Kraft had
disappointing financial results last year, so shook up its top management.
Besides
being famous for cheese, Kraft has Oscar Mayer and Lunchables.
The deal
is said to be worth $40 billion. The Heinz deal was $23.2 billion.
