Warren Buffett's Kraft Deal Is Bad News for Struggling Kellogg and Campbell Soup

NEW YORK (TheStreet) -- Warren Buffett sure does love his unhealthy condiments. On Wednesday, the billionaire investor and CEO of Berkshire Hathaway announced that he was teaming up with 3G Capital again to provide equity financing for a major packaged food deal. Kraft , the maker of dinner favorite Macaroni & Cheese, as well as condiments Cool Whip and Philadelphia cream cheese, will be merged with a prior 3G Capital/Buffett investment in ketchup maker Heinz in a $10 billion transaction. Must ...