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Heinz Company Sold
2/14/2013
 
 
 

A big announcement for Heinz Thursday.  Warren Buffet's company is buying the ketchup maker.  Buffet's company Berkshire Hathaway has teamed up with investment Group 3-G Capital to buy Heinz for 28 billion dollars.  That includes the assumption of four billion dollars in debt.  The takeover has to be approved by Heinz shareholders.  The all cash deal offers shareholders 72 dollars and 50 cents a share nearly a 20 percent premium on the company's all time high share price.

  
 
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