The merge between the two companies will create the fifth-largest food and beverage company in the world. Craig Giammona from Bloomberg Business joined the show to explain the deal and its impact.
Commemorative ketchup bottles with portraits of Warren Buffett are seen at the exhibition of Berkshire Hathaway companies at the annual meeting in Omaha, Neb., on May 3, 2014. Kraft Foods said it will merge with ketchup maker H.J. Heinz Co., owned by 3G Capital and Berkshire Hathaway Inc, to form the world's fifth-largest food and beverage company.
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