The math behind Heinz/Kraft {http://blogs.ft.com/lex-live/2015/03/25/the-math-behind-heinzkraft/}
Missing from the press release on the Kraft Heinz deal is just how much explicit value Kraft shareholders are getting. It’s an odd structure where Kraft gets 49 per cent of the new company PLUS a one-time dividend of $16.50.
Kraft shares have traded up to more than $80.
Here’s the simple arithmetic shareholders are doing:
