Report: 3G Capital in talks to acquire Kraft


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3G Capital is said to be in advanced talks to acquire Kraft Foods Group Inc., which will then be merged with H.J. Heinz.
A person with knowledge of the discussions taking place told Bloomberg that the Brazilian private-equity firm could announce the deal next week. 3G Capital worked with Warren Buffett's Berkshire Hathaway Inc. to acquire Heinz two years ago. Kraft closed at $61.33 in New York trading Tuesday, with a market value of about $36 billion.
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Catherine Garcia is night editor for TheWeek.com. Her writing and reporting has appeared in Entertainment Weekly and EW.com, The New York Times, The Book of Jezebel, and other publications. A Southern California native, Catherine is a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
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