Kraft Foods (KRFT) leaps on Heinz deal

Kraft Foods Group, Inc. KRFT shares surged 36.8% to $83.87, following the announcement of merger with Heinz. H.J. Heinz Company and Kraft Foods Group announced that they have entered into a definitive merger agreement to create a new entity called The Kraft Heinz Company. Share volume was 47.1 million, dwarfing an all-day average of 2.9 million.