H.J. Heinz Co acquired by Buffett's Berkshire Hathaway
Quote:
H.J. Heinz Co. (NYSE: HNZ) confirmed a deal to be acquired by Warren Buffett's Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) and 3G Capital for $72.50 per share in cash or $28 billion.
The per share price represents a 20% premium to Heinz’s closing share price of $60.48 on February 13, 2013, a 19% premium to Heinz’s all-time high share price, a 23% premium to the 90-day average Heinz share price and a 30% premium to the one-year average share price.
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