Question

In 2015 Kraft Foods Group Inc., merged with H.J. Heinz Co. to form the world's fifth-largest food and beverage company. Heinz is a global brand, famous for its tomato ketchup, sauces, soups, beans, pasta and infant foods. Kraft is one of North America's largest consumer packaged food and beverage companies, with annual sales revenues of more than $18\$ 18 billion and over 22000 employees in the USA. Define the term merger.

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In this problem, we are asked to explain what is a merger.

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