Following the most interesting merge deal, markets bought Kraft’s shares, rocketing it over 30% higher on Wednesday as the agreement has been supported by billionaire Warren E. Buffett and the Brazilian investment firm 3G Capital. Thus the company is about to create the 5th greatest food & beverage Co. in the world.
The $46B bid is the largest in at least last decade. This value is based on the dividend of Kraft’s shareholders, who will receive special one of $16.50 a share, paid by Berkshire and 3G Capital.
The combined company will have revenue of about $28 billion, with eight individual brands each reporting sales of at least $1 billion a year, and five brands with between $500 million and $1 billion in sales.
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