Berkshire’s Kraft Heinz Exit Signal? SEC Filing Sparks After-Hours Slide in KHC Stock
Berkshire Hathaway has listed its 27.5% stake in Kraft Heinz for possible sale, according to a new SEC filing. Kraft Heinz shares fell nearly 5% in after-hours trading after the disclosure. The prospectus allows Berkshire to sell its 325.4 million shares but does not require a sale. Attention is on Berkshire CEO Greg Abel as he navigates the company’s major holdings.