Kraft Heinz(US:KHC) Zhi Tong Cai Jing·2025-09-02 12:07Core Viewpoint - Kraft Heinz Company (KHC.US) announced a unanimous board decision to spin off into two independent publicly traded companies, aiming to simplify operations and enhance performance while maintaining competitive scale [1] Group 1: Spin-off Details - The spin-off will create two companies: Global Taste Elevation Co. and North American Grocery Co. [1] - The decision follows a strategic evaluation process that began in May, analyzing various paths before concluding on the separation [1] Group 2: Financial Implications - The spin-off is expected to provide both new companies with ample discretionary cash flow for organic growth, shareholder returns, and strategic opportunities [1] - The current dividend level is anticipated to remain unchanged, with management aiming to optimize capital structure to maintain investment-grade credit ratings for both entities [1] Group 3: Market Reaction - Kraft Heinz's stock has declined by 9% year-to-date, but it rose by 1.89% in pre-market trading to $28.50 following the announcement [1]