- Kraft Heinz (NASDAQ:KHC) signs a deal to acquire the Cerebos Food & Instant Coffee and Asian Home Gourmet businesses from Suntory Beverage & Food (OTCPK:STBFY, OTCPK:STBFF) for A$290M ($228.34M).
- The company will land the Fountain, Gravox, Saxa, Gregg's and Foster Clark's brands through the deal.
- The transaction is expected to be finalized in the first quarter of 2018.
- KHC -0.13% premarket to $77.00.
Kraft Heinz strikes deal for Australian and New Zealand brands
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| Symbol | Last Price | % Chg |
|---|---|---|
| KHC | - | - |
| The Kraft Heinz Company | ||