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US: Heinz Ketchup likely to land in Warren Buffett’s hands by May

By  |  March 27, 2013
US: Heinz Ketchup likely to land in Warren Buffett’s hands by May

H.J. Heinz, the maker of Heinz Ketchup, announced Wednesday that antitrust regulators have approved of 3G Capital and Warren Buffett’s Berkshire Hathaway to acquire the condiment company. The deal, which is worth more than $23 billion, will be up for a vote among Heinz stakeholders April 30. 3G Capital, based in Brazil, will run the company as Berkshire Hathaway will acquire half of Heinz for $12.12 billion plus an additional $8 billion of preferred shares. If approved, shareholders would receive $72.50 per share.

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