The nightmare year for Kraft Heinz (NASDAQ:KHC) continues as 3G Capital sells off 25 million shares in the troubled food firm, causing KHC stock to drop 4%.
Second Largest Investor in KHC StockBrazilian private equity firm 3G Capital Partners, the second-largest investor in KHC stock, disclosed today that it sold 25.1 million shares in the company at a price of $28.44, 4% below the closing price of $29.62. It reduces 3G’s stake by about 9%, although it does still own about one-fifth of Kraft Heinz. In a statement, Kraft Heinz said that 3G’s sale was ...
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