H.J. Heinz Co. agreed to be acquired by Warren Buffett's Berkshire Hathaway Inc. and private-equity firm 3G Capital for more than $23 billion.
February 14/Pittsburgh/Wall Street Journal -- H.J. Heinz Co. agreed to be acquired by Warren Buffett's Berkshire Hathaway Inc. and private-equity firm 3G Capital for more than $23 billion, a deal the companies pegged as the largest-ever in the food industry.
Buffett, well known as a value investor, had indicated in recent months he was eager to do another deal. In Heinz, he will get a packaged-foods company known for its iconic ketchup brand but now battling weaker North American sales.