Reported 2 days ago
The Kraft Heinz Company (KHC) is actively exploring strategic M&A transactions in response to shifting consumer demands and weakening sales of its snacks and ready-to-eat meals. The company's CEO highlighted their commitment to quality food and shareholder value amid economic challenges that have led consumers to seek more affordable and healthier options. Reports indicate interest from buyers for KHC's Oscar Mayer brand, with potential deals nearing $3 billion.
Source: YAHOO