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Kraft Heinz Shares Tumble After Flagging Berkshire’s Potential Share Sale
Shares of food giant Kraft Heinz tumbled after the company said in a regulatory filing that its biggest stockholder—Berkshire Hathaway—could sell nearly all of its shares.
Berkshire’s stake in the maker of Heinz Tomato Ketchup and Kraft mac and cheese totals 325.6 million shares, according to FactSet. Kraft Heinz’s SEC filing said Berkshire could sell up to 325.4 million.
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