Forbes – Hedge funds are eyeing Kraft Foods ahead of the close of its planned merger with 3G Capital and Berkshire Hathaway -backed ketchup maker Heinz, a deal that will give current shareholders a 49% stake in what could become a global foods powerhouse and an industry consolidator.
When the mostly-stock deal was announced in late March, Kraft surged over 30% amid optimism about potential synergies from the merger and calculations on the combined company’s valuation.
