Tags: Heinz | Warren Buffett | Brazil | Berkshire Hathaway

Heinz Buyout by Buffett, Brazil's 3G Clears Regulatory Hurdles

Monday, 03 June 2013 10:59 AM

Ketchup maker Heinz Co. said on Monday it has received all regulatory approvals needed to sell itself to Warren Buffett's Berkshire Hathaway Inc. 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.

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Ketchup maker Heinz Co. said it has received all regulatory approvals needed to sell itself to Warren Buffett's Berkshire Hathaway Inc. and Brazilian financier Jorge Paulo Lemann's private equity firm 3G Capital.
Heinz,Warren Buffett,Brazil,Berkshire Hathaway
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2013-59-03
Monday, 03 June 2013 10:59 AM
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