Overview

• Kraft Heinz plans to separate into Global Taste Elevation Co. and North American Grocery Co., with completion targeted for 2026.
• Warren Buffett told CNBC he is "disappointed" by the decision and argued that dismantling the merger "will not fix" the company’s problems.
• Buffett objected to roughly $300 million in separation expenses and noted shareholders were not given a vote on the plan.
• Berkshire Hathaway owns about 27.5% of Kraft Heinz, and Buffett said he would not accept a block bid unless the same offer is extended to all shareholders.
• Buffett did not rule out selling the stake, as Kraft Heinz shares fell as much as 7.6% on the news before trimming losses to close the week down 2.4%.