Sponsored Links
Heinz buyout by Buffett, Brazil's 3G clears regulatory hurdles
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
NEW YORK |
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)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (2)
epwidget wrote:
I will stop buying Heinz ketchup and switch, no way will I support this greedy man!!!
not12say wrote:
Why do I get the feeling that quality will take a backseat to profits?
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters