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Berkshire Hathaway Inc And 3G Capital Complete Acquisition Of H.J. Heinz Co

Friday, 7 Jun 2013 11:33am EDT 

H.J. Heinz Co announced the completion of its previously announced acquisition by an investment consortium comprised of Berkshire Hathaway Inc and an investment fund affiliated with 3G Capital. The acquisition agreement was first announced on February 14 and the transaction closed and became effective on June 7, 2013. Heinz shareholders will receive $72.50 in cash for each share of common stock they owned as of the effective time of the merger, without interest and less any applicable withholding taxes. As a result of the completion of the merger, the common stock of Heinz will no longer be listed for trading on the New York Stock Exchange and Heinz expects no further trading after the close of business on June 7, 2013. As previously announced, Bernardo Hees has become Chief Executive Officer of Heinz, effective immediately. Heinz also announced that Paulo Basilio has become Chief Financial Officer of Heinz, effective immediately. Mr. Basilio will report directly to Heinz CEO Bernardo Hees. 

Company Quote

-75.05 -0.04%
19 Sep 2014