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The Kraft Heinz board has authorized an up to $3 billion share repurchase initiative.
The company plans to buy back stock through Dec. 26, 2026.
"A stronger balance sheet, along with advancements we have made across the business, gives us further conviction behind our strategy and the belief that company shares are an attractive investment opportunity," said Kraft Heinz CEO Miguel Patricio.
Read more from Fox Business.
Property enhancements include additional parking and luxury suites tower.