Executive Edge: Kraft Heinz shares gain following report company could break itself up

Shares of Craft Hind in focus this morning. That follows a Wall Street Journal report late last week that the company is planning to break itself up by spinning off a chunk of its grocery business into a new entity that could be valued at up to $20 billion. According to the report, the remaining company would house sauce brands like Hines Ketchup and Gray Poop Mustard.Craft Hind was formed in 2015 after Bergkshire Hathway and Brazilian private equity firm 3G Capital combined Craft Foods with HJ Hines. Those ...