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Heinz, Kraft agree to merge to create No. 3 US food company

( March 25, 2015, 14:01 GMT | Official Statement) -- MLex Summary: H.J. Heinz and Kraft Foods said on Wednesday they have agreed to merge in a stock-and-cash transaction that would result in Heinz shareholders owning 51 percent of the company and Kraft shareholders, the remaining 49 percent. The deal, which would form the third-largest US food company, is expected to close in the second half of the year. Kraft is traded on Nasdaq.Statement follows in full....

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