Billionaire Warren Buffet announced that he will take over food giant Heinz with assistance from private equity firm 3G Capital.
The deal, led by Warren Buffet’s holding company, Berkshire Hathaway, is worth £18bn. The announcement of Mr Buffet’s take over caused Heinz shares to soar on the New York stock exchange yesterday. Although the deal still needs to be approved by shareholders, Heinz board is supportive of it. Heinz chairman, president and chief executive William…
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