Kraft Heinz climbs on WSJ report of potential spinoff
ReutersJul 11, 2025 5:51 PM
Shares of packaged food maker Kraft Heinz KHC.O climb 3.7% to $27.45
Co is weighing spinning off a large chunk of its grocery business, the Wall Street Journal reports, citing people familiar with the matter
Spun-off entity could be valued at up to $20 billion, report says
Stock has lost ~ 14% YTD, while the benchmark S&P 500 index .SPX climbed ~7%
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