Kraft Heinz (KHC) shares are down $1.41 to $22.35 in premarket trading. The company disclosed last night that its largest shareholder, Berkshire Hathaway, could sell nearly all of its over 325M share stake post the spinoff.
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Read More on KHC:
- Kraft Heinz downgraded to Underperform from Neutral at BNP Paribas
- Kraft Heinz price target lowered to $24 from $25 at JPMorgan
- Kraft Heinz (KHC) Stock Falls as Berkshire Weighs Selling Entire 27.5% Stake
- Berkshire Hathaway may sell Kraft Heinz stake, filing shows
- Kraft Heinz Registers Potential Berkshire Hathaway Share Resale