23.06.2015, 13:12
Kraft Foods Group Declares Regular Quarterly Dividend of $0.55 per Share
OREANDA-NEWS. The Board of Directors of Kraf
t Foods Group, Inc.
(NASDAQ: KRFT) today has declared a regular quarterly dividend of \$0.55 per share of common
stock, payable on
July
31, 2015, to shareholders of record on
July
27,
2015, provided that the
company’s proposed merger with H.J. Heinz Holding Corporation
(Heinz)
does not close on
or
before
July
27, 2015.
If the merger closes
on or
before July
27, 2015,
in lieu of Kraft
paying its
dividend
announced today,
the combined company
–
The Kraft Heinz Company
–
intends
to
declare and
pay as soon as practicable following the closing of the merger
and
subject to the
approval
of
its board of directors,
a
regular
quarterly
dividend
of \$0.55 per share of common
stock of The Kraft Heinz Company
to
all
shareholders of record
of The Kraft Heinz Company as
of a record date shortly after the date that the merger is completed.
Pursuant to the terms of the merger agreement between Kraft and Heinz , the Board of Directors of Kraft today also declared a special cash dividend in the amount of \$16.50 per share of common stock, conditioned upon the closing of the proposed merger , payable to Kraft shareholders of record immediately prior to the effective time of the merger. As the special cash dividend is only being paid if the merger with Heinz closes, Kraft shareholders will not receive the special cash dividend unless and until the merger closes.
Shareholders of Kraft should read the section s of the registr ation statement on Form S - 4 filed by Heinz (333 - 203364) , including the proxy statement/prospectus, in respect of the proposed merger entitled “Risk Factors — Risks Related to Ownership of Kraft Heinz Common Stock” and “ Material U.S. Federal Income Tax Conseq uences ” for information regarding the possible tax treatment of dividends paid by The Kraft Heinz Company following the closing of the proposed merger and possible tax treatment of the special cash dividend .
ABOUT KRAFT FOODS GROUP
Kraft Foods Group, Inc. (NASDAQ: KRFT) is one of North America’s largest consumer packaged food and beverage companies, with annual revenues of more than \$18 billion. The company’s iconic brands include Kraft , Capri Sun , Jell - O , Kool - Aid , Lunchables , Maxwell House , Oscar Mayer , Philadelphia , Planters and Velveeta . Kraft’s 22, 0 00 employees in the U.S. and Canada have a passion for making the f oods and beverages people love. Kraft is a member of the Standard & Poor’s 500 and the NASDAQ - 100 indices.
Pursuant to the terms of the merger agreement between Kraft and Heinz , the Board of Directors of Kraft today also declared a special cash dividend in the amount of \$16.50 per share of common stock, conditioned upon the closing of the proposed merger , payable to Kraft shareholders of record immediately prior to the effective time of the merger. As the special cash dividend is only being paid if the merger with Heinz closes, Kraft shareholders will not receive the special cash dividend unless and until the merger closes.
Shareholders of Kraft should read the section s of the registr ation statement on Form S - 4 filed by Heinz (333 - 203364) , including the proxy statement/prospectus, in respect of the proposed merger entitled “Risk Factors — Risks Related to Ownership of Kraft Heinz Common Stock” and “ Material U.S. Federal Income Tax Conseq uences ” for information regarding the possible tax treatment of dividends paid by The Kraft Heinz Company following the closing of the proposed merger and possible tax treatment of the special cash dividend .
ABOUT KRAFT FOODS GROUP
Kraft Foods Group, Inc. (NASDAQ: KRFT) is one of North America’s largest consumer packaged food and beverage companies, with annual revenues of more than \$18 billion. The company’s iconic brands include Kraft , Capri Sun , Jell - O , Kool - Aid , Lunchables , Maxwell House , Oscar Mayer , Philadelphia , Planters and Velveeta . Kraft’s 22, 0 00 employees in the U.S. and Canada have a passion for making the f oods and beverages people love. Kraft is a member of the Standard & Poor’s 500 and the NASDAQ - 100 indices.
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