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June 7, 2014
16:08 EDTSJM, KRFTKraft raises prices on its coffee brands approximately 10%, WSJ says
Kraft Foods (KRFT) has raised the prices on Maxwell House and Yuban brands approximately 10%, says the Wall Street Journal. J.M. Smucker (SJM) raised its prices on Folgers and Dunkin' Donuts brands earlier this week, added the Wall Street Journal. Reference Link
News For KRFT;SJM From The Last 14 Days
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July 7, 2015
09:46 EDTSJMJ.M. Smucker upgraded to Neutral from Underperform at Hilliard Lyons
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July 2, 2015
16:31 EDTKRFTKraft Heinz announces completion of merger
Kraft Heinz (KHC) announced the successful completion of the merger between Kraft (KRFT) and Heinz. As previously announced, Alex Behring will serve as chairman of the board, while Bernardo Hees will be CEO of the company. Effective as of the close of trading on July 2, Kraft Foods shares will cease trading on the NASDAQ. Kraft Heinz shares will begin trading on the NASDAQ under the trading symbol KHC on July 6. On July 31, Kraft Heinz will pay a cash dividend of 55c per share to all stockholders of record at the close of business on July 27. This dividend will be in lieu of the dividend declared on June 22 by Kraft to its shareholders of record as of July 27. The company said its immediate focus is on integrating the two businesses and establishing a new organizational structure, while delivering its financial objectives for 2015. The Heinz brand and business will remain headquartered in Pittsburgh and the Kraft brand and business will remain headquartered in the Chicago area.
July 1, 2015
09:25 EDTKRFTKraft Foods shareholders approve merger with H.J. Heinz
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08:08 EDTSJMJ.M. Smucker announces coffee price decreases
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June 30, 2015
07:39 EDTKRFTKraft Foods to host special shareholder meeting
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June 29, 2015
16:30 EDTKRFTKraft Heinz appoints Eduardo Pelleissone as SVP of Corporate, Government Affairs
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16:23 EDTKRFTKraft announces appointment of Matt Hill as Kraft Heinz Zone President of Europe
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16:19 EDTKRFTKraft Foods announces appointment of Paulo Basilio as CFO of Kraft Heinz
Effective upon the close of the merger transaction, Kraft Heinz appointed Paulo Basilio EVP and CFO. Basilio joined Heinz in June 2013 as CFO.
June 24, 2015
16:36 EDTKRFTKraft to pay $11.1M to CEO John Cahill to cover tax liability in merger
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