Heinz bought by Warren Buffett's Berkshire Hathaway for $28bn
Mr Buffett's Berkshire Hathaway company and private equity firm 3G have agreed to take over the food company, famous for its ketchup and baked beans.
In a statement, Heinz called the deal "historic", and the largest to date in the food industry.
Shares in Heinz soared in early trading in New York. They rose nearly 20% to more than $72 a share.
The takeover has been approved by the company's board, but still needs to be voted on by shareholders.....Read more