Kraft Heinz exploring sale of Oscar Mayer business: WSJ report

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Kraft Heinz is exploring a sale of its Oscar Mayer meats business that could fetch up to to US$5 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter.

The Oscar Mayer Wienermobile sits outside the Oscar Meyer headquarters, in Madison, Wis. Kraft Heinz is exploring a sale of its Oscar Mayer meats business that could fetch anything between US$3 to $5 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter.The Oscar Mayer business, known for hot dogs, bacon, ham, and bologna products, has had to deal with declining consumer demand in the face of a shift to healthier options.

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