3G Global Food's Affiliates Sell $1.1B Of Kraft Heinz Stock

Kraft Heinz Co KHC has priced the previously announced public offering of 30.5 million shares of common stock by certain affiliates of 3G Global Food Holdings LP.
Kraft Heinz will not receive any proceeds from the Offering. Gross proceeds from the offering are expected to be approximately $1.1 billion.
The offering is expected to close on November 22, 2021, subject to customary closing conditions.
BofA Securities is acting as the sole underwriter for the Offering.
Price Action: Kraft Heinz shares closed lower by 3.25% at $35.37 on Thursday.