Berkshire Hathaway, 3G Capital to buy Heinz for $23 billion cash

[The Patriot]

Berkshire Hathaway, 3G Capital to buy Heinz for $23 billion cash

02-14-2013 05:17 AM

(Reuters) - Warren Buffett's Berkshire Hathaway Inc and 3G Capital will buy H.J. Heinz Co for $72.50 a share, or $23.2 billion in cash, Heinz said on Thursday. Including debt assumption, Heinz valued the deal at $28 billion, which it called the largest in food industry history. Heinz said the deal would be financed with cash from Berkshire and 3G, debt rollover and debt financing from J.P. Morgan and Wells Fargo. The company did not elaborate on what portion of the cash would be contributed by Berkshire and what portion would come from 3G. CNBC reported that each side would put up $4. ...




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