Buffet and 3G Capital snap up Heinz for $23bn

The global food giant Heinz, which famously makes beans and tomato sauce, has been bought for $23bn (€17.2bn) by Warren Buffett’s Berkshire Hathaway and Jorge Paulo Lemann’s 3G Capital

Buffet and 3G Capital snap up Heinz for $23bn
Fri, 15 Feb, 2013 - 00:00
Zachary Tracer

The buyers will pay $72.50 a share, compared with Wednesday’s closing price of $60.48, according to a statement yesterday.

Berkshire will spend about $12bn to $13bn on the deal for the maker of condiments, Buffett told CNBC.

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CourtsPlace: Omaha, NebraskaPerson: Warren BuffettPerson: Jorge Paulo LemannPerson: BuffettPerson: LemannPerson: HeinzPerson: CEOPerson: Bill JohnsonPerson: JohnsonOrganisation: 3G CapitalOrganisation: HeinzOrganisation: Berkshire HathawayOrganisation: BerkshireOrganisation: CNBCOrganisation: Coca-ColaOrganisation: MarsOrganisation: WrigleyOrganisation: Anheuser-BuschOrganisation: Burger King WorldwideOrganisation: Bloomberg Billionaires IndexOrganisation: Bloomberg
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