Kraft Heinz Plunges to Record Low on Writedown of Brands' Value https://www.bloomberg.com/news/arti...ps-on-sec-subpoena-15-4-billion-in-writedowns
Kraft Heinz Kraft Heinz's shares lost a fifth of their value after the company revealed a quadruple-whammy of bad news: it's being investigated by the SEC over accounting issues; it's had to write down the value of the Kraft and Oscar Mayer brands by $15 billion; it's posted a $12.6 billion loss; and its dividend is now 36% lighter. Seems the 2015 merger did not provide the anticipated efficiencies. Fortune
Yikes FEBRUARY 22, 2019 - 12:17 PM EST MIAX Options and MIAX PEARL Listing Alert: Intraday Series Adds (KHC) The KHC option series listed below were listed intraday on the MIAX Options and MIAX PEARL Exchanges effective for today's trading. Option/Expiration/Series KHC-3/15/2019-20 KHC-3/15/2019-22.5 KHC-3/15/2019-25 KHC-3/15/2019-27.5 KHC-3/15/2019-30 KHC-3/15/2019-32.5 KHC-4/18/2019-20 KHC-4/18/2019-22.5 KHC-4/18/2019-25 KHC-4/18/2019-27.5 KHC-5/17/2019-20 KHC-5/17/2019-22.5 KHC-5/17/2019-25 KHC-5/17/2019-27.5 KHC-5/17/2019-30 KHC-5/17/2019-32.5 KHC-7/19/2019-20 KHC-7/19/2019-22.5 KHC-7/19/2019-25 KHC-7/19/2019-27.5 KHC-7/19/2019-30 KHC-7/19/2019-32.5 KHC-10/18/2019-20 KHC-10/18/2019-22.5 KHC-10/18/2019-25 KHC-10/18/2019-27.5 KHC-10/18/2019-30 KHC-10/18/2019-32.5 Please contact MIAX Options Listings with any questions at Listings@MIAXOptions.com or (609) 897-7308.
Warren Buffett: 'I overpaid for Kraft' but not Heinz https://finance.yahoo.com/m/98827878-a4c5-3b0f-b072-2c6d64e8dbd8/warren-buffett:-'i-overpaid.html
Buffett Admission Warren Buffett admits Berkshire Hathaway and 3G Capital overpaid during the formation of Kraft Heinz. In a wide-ranging CNBC interview, he also said: he'd only buy more Apple stock if it were cheaper; he still finds stocks attractive; he's still looking for an "elephant-sized acquisition"; and Bitcoin is still rubbish. CNBC