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Kraft And Heinz To Merge, Bringing Together Prominent American Brands

(Photo Illustration by Oli Scarff/Getty Images)
(Photo Illustration by Oli Scarff/Getty Images)

Heinz Co. is buying Kraft Foods Group, in a deal that will form the world’s fifth-largest food and beverage company.

The new company will be called Kraft Heinz Co. and will have revenue of $28 billion, bringing together American brands from Jell-O and Kool-Aid to Heinz Ketchup and Bagel Bites.

CNN business reporter Maggie Lake joins Here & Now’s Jeremy Hobson with details.

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