A PYMNTS Company

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.

    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: USA Today

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