Description: In a major development in the food industry, Kraft Foods Group and Heinz Co. are merging their operations to create a single company with $28 billion in revenue. Warren Buffet proclaimed to play a role in setting-up the merger. There seems to be a major shake-up on the cards for the packaged food business.
Source: CBC
Date: March 25, 2015
Video and Text Link: http://www.cbc.ca/player/News/Business/ID/2660719466/
Questions for Discussion:
- What are the possible reasons behind this merger?
- Discuss future scenario for the packaged food business?
- Will the merger help the two companies? Why or Why not?
- What is the likely fallout of the merger for the employees?
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