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US: Shareholders OK $28B ketchup buyout

By  |  April 30, 2013

Shareholders reportedly “overwhelmingly” approved for the buyout of ketchup conglomerate Heinz by Warren Buffett’s Berkshire Hathaway and 3G Capital, which owns Burger King, in a deal valued at about $28 billion Shareholders will receive $72.50 per share; the buyout value includes Heinz’s outstanding debt. 3G will apparently run the resulting company while Berkshire will remain a financing partner. The deal marks the largest transaction ever within the food sector and remains subject to regulatory clearance.

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