Kraft Heinz (KHC) Stock Falls 2% a Larger Holder 3G to Unload 30.6 Million Shares in Secondary Offering

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Go back to Kraft Heinz (KHC) Stock Falls 2% a Larger Holder 3G to Unload 30.6 Million Shares in Secondary Offering

Kraft Heinz Announces the Launch of a Secondary Offering of Common Stock

November 17, 2021 4:06 PM EST

PITTSBURGH & CHICAGO--(BUSINESS WIRE)-- The Kraft Heinz Company (Nasdaq: KHC) (Kraft Heinz or the Company) today announced a secondary offering of shares of its common stock (the Offering). In the Offering, which is subject to market and other conditions, certain affiliates of 3G Global Food Holdings LP (the Selling Stockholder) intend to offer 30,596,465 shares of common stock (Common Stock) for sale. The Company will not receive any proceeds from the Offering.

BofA Securities is acting as the sole underwriter for the Offering and proposes to offer the Common Stock from time to time for... More