Heinz buyout by Buffett, Brazil's 3G clears regulatory hurdles

NEW YORK Mon Jun 3, 2013 9:41am EDT

Traders work at the post that trades H.J. Heinz Co. on the floor of the New York Stock Exchange, February 14, 2013. REUTERS/Brendan McDermid

Traders work at the post that trades H.J. Heinz Co. on the floor of the New York Stock Exchange, February 14, 2013.

Credit: Reuters/Brendan McDermid

Related Topics

NEW YORK (Reuters) - Ketchup maker Heinz Co HNZ.N said on Monday it has received all regulatory approvals needed to sell itself to Warren Buffett's Berkshire Hathaway Inc (BRKa.N) and Brazilian financier Jorge Paulo Lemann's private equity firm 3G Capital.

In February, Buffett and Lemann revealed their plan to team up to buy Heinz for $23.2 billion. The deal was approved by Heinz shareholders on April 30.

The companies expect the deal to close on or about June 7, Heinz said in a statement.

(Reporting by Dhanya Skariachan; Editing by Jeffrey Benkoe)

FILED UNDER:
A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article