A PYMNTS Company

US: Heinz bought by Warren Buffet, deal worth $28B

 |  February 14, 2013

Warren Buffet’s holding company Berkshire Hathaway and Brazilian investment firm 3G Capital are reportedly set to acquire H.J. Heinz for $23 billion, plus debt. In an interview, Buffett said that the ketchup giant would be “3G’s baby.” Reports say the first offer for the deal was made last month and recently confirmed by Heinz. Shares for Heinz jumped more than 20 percent following news of the deal.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

     

    Full Content: CNBC

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.