According to @StockMKTNewz, Kraft Heinz (KHC) is closing in on a plan to split into two companies, potentially as soon as next week, which would unwind much of the 2015 Kraft–Heinz merger, source: @StockMKTNewz citing The Wall Street Journal. For trading, desks should focus on deal structure details such as spin-off versus split, tax status, debt allocation, and pro forma financials because divestments with clear strategic rationale have been associated with improved shareholder outcomes, source: EY Global Corporate Divestment Study 2024. If a new entity lists, index methodology can trigger when-issued lines, eligibility reviews, and flow effects around record and distribution dates, source: S&P Dow Jones Indices Index Corporate Actions Policies and Procedures. Options risk management often centers on the announcement window and any distribution terms, as corporate actions can change option pricing dynamics and adjustments, source: Cboe Options Institute, Corporate Actions and Options Adjustments. For crypto, the source does not indicate a direct linkage, but traders monitor broader risk sentiment since crypto–equity correlations have been shown to rise in risk-off episodes, source: International Monetary Fund, Cryptic Connections blog (2022).