Business News: HJ Heinz To Go Private In Berkshire, 3G Buyout

Started by MikeLigalig.com, February 18, 2013, 01:25:47 PM

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MikeLigalig.com

February 18, 2013, 01:25:47 PM
HJ Heinz To Go Private In Berkshire, 3G Buyout

Shares of packaged foods giant and ketchup king H.J. Heinz (HNZ) soared 20% in Thursday morning trading on apparently tasty news that it would be acquired by Berkshire Hathaway and 3G Capital in a deal valued at $28 billion. As part of the agreement approved by Heinz's board of directors, shareholders will receive $72.50 for each owned share, a 20% premium at the market's close on Wednesday. But shares had reached that point shortly after today's

Source: HJ Heinz To Go Private In Berkshire, 3G Buyout
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