Kraft Heinz Explores Sale of Oscar Mayer

The Deal 

Kraft Heinz KHC -0.08%decrease; red down pointing triangle is looking to sell Oscar Mayer, the big maker of hot dogs, cold cuts and bacon. 

The Details 

Kraft Heinz recently tapped Bank of America and Centerview Partners to gauge interest in the business, which could fetch something in the neighborhood of $3 billion to $5 billion, people familiar with the matter said. It is possible there won’t be any transaction. 

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