Kraft Heinz Selling Planters Nuts to Hormel for $3.35 Billion

Mr. Peanut is on the move.Kraft Heinz (NASDAQ: KHC) announced Thursday that it is selling most of the products sold under the well-established Planters nuts brand to food industry peer Hormel (NYSE: HRL) for $3.35 billion in cash. The latter company pointed out that the effectiveRead MoreMarketsMarkets Feed