Home / Top News / Kraft Heinz discloses SEC probe, $15 billion write-down; shares dive 20 percent

Kraft Heinz discloses SEC probe, $15 billion write-down; shares dive 20 percent

Shares of Kraft Heinz Co slumped 20 percent late on Thursday after the food company posted a quarterly loss, disclosed an SEC investigation and wrote down the value of its iconic Kraft and Oscar Mayer brands as it highlighted the tough environment for the packaged food industry.

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