BTW: This thing is our new SoS...
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 ...
If you bought in November 2011, you have just made 44% plus dividends in 15 months. Not bad...
John Kerry just got paid!
Laid then paid is more like it.
$23 Billion buys an awful lot of tomatoes.
Paid his allowance.
But is Buffett paying more taxes that he complained he wasn’t being forced to pay?
He can voluntarily send more in.
IF he truly wanted to put his money where his mouth is.
That would be john f’n kerry aka thurston howell III traitor extrodanaire (sp?). Will he now be able to afford to move his boat to the proper state and pay the taxes on it? (RI to MA?) Will Lovey still love his horse face? Has he set up private negotiations with N Korea yet? Stay tuned for the intriguing saga of john f’n kerry. (He served in Viet Nam in case you didn’t know!) LOL!
Crooks doing business with crooks. Wonder if Teresa had her drink and grapes while signing?
and Buffett.
Buffet converted a big chunk of his cash investment here (earning 0.5%) into preferred stock at 9%. Not bad . . . .
yitbos
Doesn’t Kerry’s wife own a big bunch of that stock or did she already sell it earlier?
BTW: This thing is our new SoS...
Even CNBC only talks about Heinz catsup. Yet, Heinz is known for its 57 varieties of pickles. It is the worlds largest producer of vinegar.
Now what would 3 Brazilian billionaires want with Heinz? Vinegar is fermented from ethanol. Brazil loves ethanol.
The ethanol process is the connection.
yitbos
One for each state.
You need a lot of money to pull of those kinds of deals.
Small investors should be happy with 44% in 15 months.
John Kerry has a PERSNAL wealth of almost $00 Million through inheritance, standard in office theft (Insider trading and the like) and his Gigalo Services for his first wife.
With his wife’s, Teresa’s, money from her first husband H. John Heinz., they have well over a billion dollars. Two strumpets, one household. Only Kerry could get so lucky as to find love with two Trust Fund Babies.
I can not tell if this is a full buy out that will take the company private or whether it is a controlling share leaving it on the market.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.