Heinz bought by Warren Buffett's Berkshire Hathaway for $28bn

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by liamssoft | February 14, 2013 at 09:15 am
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3XSQ: Berkshire Hathaway, 3G Capital to buy Heinz for $23bln

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3XSQ: Berkshire Hathaway, 3G Capital to buy Heinz for $23bln

US billionaire Warren Buffett is set to buy food giant Heinz in a deal worth $28bn (£18bn).

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

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