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Firms Including Warren Buffett's To Buy Heinz

by AP posted Feb 14 2013 9:16AM
     NEW YORK (AP) - H.J. Heinz Co. says it agreed to be acquired by an investment consortium including billionaire investor Warren Buffett in a deal valued at $28 billion.
 
     The ketchup company said Heinz shareholders will receive $72.50 in cash for each share of common stock they own. The deal value includes the assumption of Heinz's debt. Based on Heinz's number of shares outstanding, the deal is worth $23.3 billion excluding debt.
 
     The per share price represents a 20 percent premium to Heinz's closing price of $60.48 on Wednesday.
 
     Berkshire Hathaway and 3G Capital say Heinz will remain headquartered in Pittsburgh.
 
Filed Under :
Topics : Business_Finance
Location : New YorkPittsburgh
People : Warren Buffett
02/14/2013 9:16AM
Firms Including Warren Buffett's To Buy Heinz
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