June 6 - MSNBC.com - Last week, Kraft Foods shares went on a wild ride driven by market chatter that Buffett's Berkshire Hathaway was eying an investment in the food company. The maker of Oscar Mayer meats, DiGiornio pizza and Oreo cookies isn't the only food company at the center of such speculation. Pittsburgh ketchup maker H.J. Heinz was recently rumored to be in talks with a private equity buyer, but CEO Bill Johnson tried to dispel that talk in a recent interview on CNBC.
The recent wave of M&A and private equity has missed the larger packaged food manufacturers, but the sector remains on the radar screen of private equity players, who could be poised to begin a new round of deal-making. After all, the group has long been prized for its stable profile and reliable cash generation. Read More.
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