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Heinz to Buy Kraft, Creating Global Food Giant

Two of the most familiar brand names on American store shelves are joining forces to become one of the world's largest food companies. H.J. Heinz Co., famous for ketchup, pickles and soup, is buying Kraft Foods Group Inc., known for cheese, mayonnaise and Maxwell House Coffee. The combined company, which will be publicly traded under the name Kraft Heinz Co., will become the world's fifth biggest food manufacturer and is expected to have yearly revenue of $28 billion. It...

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