Warren Buffett Part Of Group To Buy Heinz For $23 Billion

NEW YORK — H.J. Heinz Co. has agreed to be acquired by an investment group including billionaire investor Warren Buffett in a deal valued at $23.3 billion.

The ketchup company says it’s the largest deal ever in the food industry.  Heinz shareholders will receive $72.50 in cash for each share of common stock they own.  The transaction 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.

Read more:  http://readingeagle.com/article.aspx?id=452820

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