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Kraft and Heinz to merge in deal backed by Buffett and 3G Capital

from The New York Times (tiered subscription model)

First it was Budweiser beer. Then came Burger King Whoppers. Next up was Heinz ketchup. Now 3G Capital, a Brazilian private investment group that already owns a suite of America's most prominent food and beverage brands, has struck a deal to take control of Kraft Foods, the maker of macaroni and cheese, Oscar Mayer meats, Planters nuts and Jell-O. more

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