Warren Buffett stomped on the idea that Kraft-Heinz would buy the recent Bill Ackman target, Mondelez [our initial Ackman-MDLZ thoughts here]. Noting, Kraft-Heinz buying anything in the near-term was unlikely and a Mondelez price tag was a steep hurdle. Don't forget - sign up for our free daily newsletter to stay in the activist investing know. Buffett - “At Kraft Heinz, we have our work cut out for us for a couple of years...Frankly, most of the food companies sell at prices that it would be very hard for us to make a deal even if we had done all the work needed at Kraft Heinz.” Did anyone really think that Kraft was going to buy Mondelez the day after Ackman’s stake? The natural thought is that Ackman wants to get back in bed with 3G Capital, which would mean a merger with Kraft-Heinz. However, is creating a foods platform company to rival Kraft-Heinz out of the question. Could Mondelez become a serial acquirer? LEARN MORE ABOUT ACTIVIST STRATEGY