Ketchup on hotdogs

US food giant Heinz is to merge with Kraft Foods Group, creating the third-largest food and beverage company in the US. Heinz shareholders will own 51% of the combined company with Kraft shareholders owning a 49% stake. The “mega deal” will create the world’s fifth-largest food and beverage company.  Its brands will include Kraft, Heinz, and hotdog maker Oscar Mayer, with combined sales worth some $29bn and a portfolio that includes eight $1 billion-plus brands.  Regulators and shareholders from Kraft ...