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Heard during the Heinz (HNZ +19.9%) press conference: Though the largest acquisition in the...

Heard during the Heinz (HNZ +19.9%) press conference: Though the largest acquisition in the history of the food business is explained by Heinz execs as a new opportunity for the company to expand its global reach and a way for it to make key decisions quicker, at the end of the day it looks like the offer price was just too good to pass up. From start to finish, the deal was struck within 8 weeks. 3G Capital says it sees long-term value in Heinz, but won't disclose yet on what cost-cutting measures it will implement. (webcast)
Comments (2)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    You are going to see many more tomatoes and cucumbers being grown in Brazil I would predict
    14 Feb 2013, 11:23 AM Reply Like
  • Uncle Pie
    , contributor
    Comments (3133) | Send Message
     
    You wonder what the 3G hedge fund is going to do to juice up returns from Heinz: their balance sheet is already quite levered with debt at about 63% of total capital. You wonder why Mr. Buffet would put $12 billion into this deal given that the company is going to be run by 3G...a couple of young hedge fund guys from Toronto.
    14 Feb 2013, 03:49 PM Reply Like
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