Warren Buffett says Berkshire overpaid for Kraft Heinz
Updated : February 25, 2019 10:28 PM IST
Buffett spoke four days after Kraft Heinz said it had taken a $15.4 billion writedown for its Kraft and Oscar Mayer brands and other assets, slashed its dividend, and that the US Securities and Exchange Commission was probing its accounting.
Kraft Heinz's share price sank 27.5 percent on Friday, causing Berkshire to lose $4.3 billion on its stake. Berkshire owns 26.7 percent of Kraft Heinz.
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