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Kraft Heinz shares plunge on SEC investigation and $15bn writedown

Kraft Heinz

Kraft Heinz shares plunge on SEC investigation and $15bn writedown

The Telegraph - By LaToya Harding

Kraft Heinz has received a subpoena from the Securities and Exchange Commission over its procurement accounting policies. The food giant also reported a net loss of $12.7bn (£9.74bn) in its fourth quarter after writing down the value of its assets by $15.4bn impairment charge, and slashing its …

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