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U.S. food company Kraft Heinz is not targeting any other large deals for now after being snubbed by Unilever because valuations in the sector are too high, major shareholder Warren Buffett told CNBC news on Monday. "Will there be another deal at Kraft Heinz someday? My guess is yes, but who knows when ... it would have to be friendly and frankly, the prices in that field make it very, very, very tough to make an intelligent deal," Buffett said in a wide-ranging interview at a gathering in his hometown of Omaha, Nebraska.
After buying 120 million shares of Apple over the past year, Berkshire Hathaway has a position in the iPhone-maker worth $18 billion and a 'big seven' of company stakes valued at over $10 billion.
Minutes from the Fed's meeting show possible interest-rate action "fairly soon." Plus, Kraft Heinz ends bid for Unilever, and Wal-Mart takes aim at Amazon.