Warren Buffet to Bring Kraft Heinz Company to Public Stock Markets on July 6

Warren Buffet on July 6 to celebrate with hot dogs doused in Heinz ketchup, Kraft macaroni & cheese, Claussen pickles, Velveeta cheese, and a glass of Countrytime Lemonade as Buffet is bringing the Kraft Heinz Company to public stock markets.

As per reports, Warren Buffet is bringing Heinz ketchup and Kraft macaroni & cheese to public stock by its partnership with Brazilian private equity firm 3G Capital. 3G Capital is the owners of Burger king's parent company and Anheuser-Bush InBev.

Berkshire Hathaway in 2013 co-invested alongside 3G in the $11 billion takeover of ketchup maker Heinz. 3G after the deal was smoothly able to improve Heinz's EBITDA by 35% within a handful of quarters.

After that the company went on striking $40 billion cash and stock takeover of Kraft Foods, a food and beverage conglomerate with $18 billion in annual sales. Kraft Foods has an established brands ranging from meats to cheeses, flavored drinks and condiments.

The deal announced in late March, offered Kraft Foods-0.12% investors a $16.50 a share cash dividend and a 49% stake in the combined Kraft Heinz.

It has been said that Berkshire Hathaway and 3G Capital control the remaining shares. The terms of the deal indicated that they've already multiplied their multi-billion dollar investments in Heinz.

Heinz's takeover of Kraft Foods closed on Thursday and the new company will start trading on the Nasdaq under ticker 'KHC' on Monday, July 6.

Before signing the deal Kraft Heinz made an announcement saying that 3G executive Bernardo Hees will become CEO of both the companies, whereas Heinz CFO Paulo Basilio will carry on with the same role in the new company.