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Buffett pulls off fresh blockbuster with $23 billion Heinz deal
Reuters ^
| 2/14/2013
| Ben Berkowitz and Martinne Geller
Posted on 02/14/2013 8:23:15 AM PST by South40
(Reuters) - Warren Buffett's Berkshire Hathaway and private equity firm 3G Capital will buy ketchup and baby food maker H.J. Heinz Co for $23.2 billion in cash, a deal that combines 3G's ambitions in the food industry with Buffett's hunt for growth.
Including debt assumption, Heinz valued the transaction, which it called the largest in its industry's history, at $28 billion. Berkshire and 3G will pay $72.50 per share, a 19 percent premium to the stock's previous all-time high.
(Excerpt) Read more at reuters.com ...
TOPICS: Crime/Corruption; Miscellaneous; News/Current Events
KEYWORDS: 3gcapital; berkshirehathaway; buffetheinz; buffett; buffettheinz; ethanol; heinz; johnkerry; kerryshadowgov; vinegar
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To: South40
how much is the sales tax on that?
/sarc
21
posted on
02/14/2013 9:03:26 AM PST
by
GeronL
(http://asspos.blogspot.com)
To: Jim from C-Town
22
posted on
02/14/2013 9:16:16 AM PST
by
Jim from C-Town
(The government is rarely benevolent, often malevolent and never benign!)
To: COBOL2Java
Hunts is the best ketchup anyway. don’t buy the death ketchup from these America haters.
23
posted on
02/14/2013 9:18:28 AM PST
by
Gasshog
(Welcome to the United States of Stupidos!)
To: South40
Doesn't Buffett also own most of Con-Agra who makes Hunt's Ketchup, the biggest rival to Heinz . . . until now?
Look's like I will be switching to the Dollar General brand.
24
posted on
02/14/2013 9:24:26 AM PST
by
Vigilanteman
(Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
To: Edgar3; MestaMachine; thouworm; Rushmore Rocks; Oorang; dragonblustar; jersey117; Velveeta; ...
.
John Kerry just got paid!
Yep. My first thought, too.
25
posted on
02/14/2013 9:35:51 AM PST
by
LucyT
(In the 20th century 280 million people were killed by their own governments.)
To: Edgar3
John Kerry just got paid!"Just got paid today/Got me a pocketful of change..."
26
posted on
02/14/2013 9:37:50 AM PST
by
dfwgator
To: Gasshog
Absolutely, Hunts is better by far than Heinz. I haven’t used any Heinz products since I found that Kerry was associated with it...and never will again.
27
posted on
02/14/2013 9:51:19 AM PST
by
FrankR
(They will become our ultimate masters the day we surrender the 2nd Amendment.)
To: Vigilanteman; Gasshog
Muir Glen makes a very good organic ketchup - ask for it at your market.
28
posted on
02/14/2013 9:55:12 AM PST
by
jacquej
To: bruinbirdman
The Heinz empire is pretty large, including Ore-Ida, Lea & Perins, TGI Friday and Weight Watchers. Talk about getting money on both ends.
29
posted on
02/14/2013 9:58:39 AM PST
by
discostu
(Not just another moon faced assassin of joy.)
To: South40
They won’t be getting rich off me as the Heinz ban is and always will be in effect.
30
posted on
02/14/2013 12:18:20 PM PST
by
bgill
To: South40; LucyT
31
posted on
02/14/2013 2:00:36 PM PST
by
Brown Deer
(Pray for 0bama. Psalm 109:8)
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