Kraft Foods Group and HJ Heinz merge to create The Kraft Heinz Co.

Kraft Foods Group and H.J. Heinz Co. on Wednesday announced that they will merge to create The Kraft Heinz Co.. Kraft shareholders will receive stock in the combined company and a special cash dividend of $16.50 per share.. Shares of Kraft Foods were up 16 percent in premarket trading prior to the opening bell..