Overview
- Kraft Heinz filed a prospectus supplement with the SEC to register the potential resale of Berkshire Hathaway’s roughly 325.4 million shares.
- The registration enables a sale by Berkshire but does not indicate that a transaction is imminent.
- Shares of Kraft Heinz fell about 5% in late trading after the filing, with the stake valued near $7.7 billion at Tuesday’s close.
- Berkshire has acknowledged losses on the investment through impairments of about $3 billion in 2019 and $3.76 billion in August.
- The move comes after 3G Capital exited in 2023, Greg Abel succeeded Warren Buffett as Berkshire CEO, Steve Cahillane took the helm at Kraft Heinz on January 1, and the company outlined plans in September to split into two later this year.