Kraft Heinz Spinoff: Will it Impact Berkshire's Net Income?

Key Takeaways Kraft Heinz plans a tax-free spin-off into two independent, publicly traded companies.Berkshire wrote down $3.76B on its Kraft Heinz stake after the spin-off evaluation news.BRK.B shares are up 7.6% YTD, but its price-to-book ratio of 1.57 exceeds the industry average.Warren Buffett, who has built a fortune through his company Berkshire Hathaway Inc. (BRK.B) , is not happy about the recent plans of The Kraft Heinz Company (KHC) spin-off. BRK.B currently has a 27.4% stake in Kraft Heinz, making ...