Group Announces Deal to Acquire Illinois Based Kraft Foods
on Tuesday, March 31, 2015
deal, announced on Wednesday, March 25, was slated to present Kraft Foods shareholders with approximately $50 billion in cash and Kraft Heinz stock based on market trading prices posted on that day.
Prospects for Kraft’s corporate headquarters in Northfield, Illinois were not certain. Preliminary press announcements indicated that the merged Kraft Heinz would retain executive operations in both Illinois and Pennsylvania, for now. However, few observers of U.S. corporate customs expect Kraft Foods’ Illinois jobs to remain in place indefinitely.