Search:
   

Monday, June 29, 2015

Equity Trader Alert #2015 - 102
Information Regarding Merger Transaction between Kraft Foods Group, Inc. (KRFT) and H.J. Heinz Holding Corporation

Category:

  • Industry Announcement

Markets Impacted:

Contact Information:

Kraft’s shareholders approved the proposed merger on July 1, 2015, and, subject to customary closing conditions, it is expected that the transaction will close July 2, 2015.  Pursuant to the terms of the merger agreement, in a series of transactions, Kraft will merge with and into a subsidiary of H.J. Heinz Holding Corporation. At the closing of the merger, H.J. Heinz Holding Corporation will be renamed “The Kraft Heinz Company”. Upon completion of the merger, each share of Kraft issued and outstanding immediately prior to the effective time of the merger will be converted into the right to receive one share of The Kraft Heinz Company, and $16.50 in cash.

Subject to customary closing conditions, Kraft Foods Group, Inc. (KRFT) will be suspended from trading.The details, assuming a July 2, 2015, closing of the merger transaction, are as follows:


Company/ Parent: Kraft Foods Group, Inc.
Issue: Common Stock
CUSIP: 50076Q106
Symbol: KRFT
Expected Closing Date: July 2, 2015
Marketplace Effective Date for the Suspension: July 6, 2015
Merger Consideration: One (1) share of The Kraft Heinz Company and $16.50 for every share held.

The new entity, The Kraft Heinz Company, will list on Nasdaq following the merger. The details, assuming a July 2, 2015 close, are as follows:

Company/ Parent: The Kraft Heinz Company
Issue: Common Stock
CUSIP: 500754106
Symbol: KHC
Expected Listing Date: July 6, 2015

For information regarding this announcement, contact Nasdaq Corporate Data Operations at +1 877 308 0523.

If you would like to register as a market maker in KHC, contact Nasdaq Trading Services at +1 212 231 5100.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Please follow Nasdaq on Facebook RSS and Twitter.

Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit: business.nasdaq.com.

View NASDAQTrader.com Mobile