巴菲特承认卡夫与亨氏合并"并不是一个绝妙的想法"，但他不认为拆分能解决问题，透露他的接班人伯克希尔下任CEO Abel也表达对卡夫亨氏失望。卡 夫亨氏CEO强调，公司光有规模是不够的，董事长称拆分可以分配适当的关注度和资源，释放每个品牌的潜力。 巴菲特十年前主导的卡夫亨氏并购以拆分收场。这位"股神"本周二对卡夫亨氏宣布的拆分决定表示失望，认为拆解公司并不能解决其根本问题。该司股 价大跌。 美东时间9月2日周二，卡夫亨氏股价低开低走，美股盘中跌超7%，午盘刷新日低时跌7.6%，收跌将近7%，抹平两个月来所有涨幅，刷新6月30日以来 收盘低位。截至周二收盘，卡夫亨氏股价今年初以来累跌15.3%，远逊大盘，标普500指数同期累涨逾9%。 卡夫亨氏周二宣布将分拆为两家独立上市公司，正式终结了2015年由巴菲特旗下伯克希尔·哈撒韦与3G Capital主导的460亿美元并购交易。作为持股 27.5%的最大股东，伯克希尔·哈撒韦自2015年合并以来从未减持过卡夫亨氏股票。 拆分方案将卡夫亨氏分为两部分：一家专注于酱料、调味品和货架稳定餐食的公司，年销售额154亿美元；另一家包括Oscar Mayer、卡夫芝士片和 Lun ...

Core Viewpoint - The decision by Kraft Heinz to split into two independent companies marks the end of a merger led by Warren Buffett's Berkshire Hathaway and 3G Capital, which was valued at $46 billion in 2015. Buffett expressed disappointment, believing that the split will not resolve the company's fundamental issues [1][3][4]. Company Summary - Kraft Heinz announced its plan to split into two companies: one focusing on sauces, condiments, and shelf-stable meals with annual sales of $15.4 billion, and the other including brands like Oscar Mayer and Kraft Singles with annual revenue of $10.4 billion. The transaction is expected to be completed in the second half of 2026 [3]. - Buffett, as the largest shareholder with a 27.5% stake, has not sold any shares since the merger and acknowledged that the merger has not performed well. He stated that splitting the company will not necessarily solve its problems [4][5]. - The leadership of Kraft Heinz supports the split, arguing that the current complex structure hinders effective capital allocation and prioritization of projects. The split aims to enhance focus and resource allocation for each brand [7]. Industry Context - The split of Kraft Heinz is part of a broader trend in the food and beverage industry, where several companies have undergone similar restructuring. For instance, Kellogg split its cereal business in 2023, and Keurig Dr Pepper announced the reversal of its 2018 merger [8]. - The food industry is facing pressures from health advocates and regulatory scrutiny, prompting a significant transformation as consumers become more health-conscious and demand less processed food [8].