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Warren Buffett

With Kraft Heinz merged, now comes the cutting

With Kraft Heinz merged, now comes the cutting

Kraft Foods Group shareholders voted Wednesday to approve the company's sale to H.J. Heinz, a deal that brings together two storied packaged-food companies vying for attention as consumers look for healthier, fresher fare. About two dozen shareholders attended a special 14-minute meeting Wednesday in Chicago, and an overwhelming majority of shares voted in favor of the merger, which is set to close Thursday afternoon. Kraft Chairman and CEO John Cahill ended the meeting by saying it was "an incredible privilege" to lead the company and looked forward to his role as vice chairman of Kraft Heinz. Pittsburgh-based Heinz announced its plan to buy Northfield-based Kraft in late...