Seeking Alpha

Berkshire (BRK.A) and 3G Capital are paying almost a 20% premium on Heinz's (HNZ) all-time high....

Berkshire (BRK.A) and 3G Capital are paying almost a 20% premium on Heinz's (HNZ) all-time high. Buffett will shell out almost $20B in cash, but says "we're still ready for another elephant" with ~$47B cash on the books. HNZ suits Buffett's famous enthusiasm for food: "I've sampled the product many, many times," he tells CNBC. HNZ will be run by 3G, not Berkshire.
Comments (2)
  • idkmybffjill
    , contributor
    Comments (1593) | Send Message
     
    I'm confused, why is Buffett letting a hedge fund run Heinz?
    14 Feb 2013, 09:08 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (5436) | Send Message
     
    Just like (KO) with soda, (HNZ) dominates ketchup.
    14 Feb 2013, 09:47 AM Reply Like
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