No Hedge Fund Winners Likely in Kraft-Heinz Deal

Shares of the macaroni maker surged on news of the merger, but few hedge funds held Kraft in their portfolios at the end of the fourth quarter.

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Shares of Kraft Foods Group surged more than 35 percent on Wednesday, following the news that it agreed to merge with H.J. Heinz Co. in a deal that will create the third-largest food and beverage company in North America, Kraft Heinz Co.

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