Daily Sound Bite: Buffet Bets on Heinz

Billionaire Warren Buffet's Berkshire Hathaway, along with 3G Capital, will acquire Heinz in a $23.3 billion dollar deal, netting Heinz shareholders $72.50 per share of common stock. The deal is expected to close in the third quarter of this year.

Billionaire Warren Buffet's Berkshire Hathaway, along with 3G Capital, will acquire Heinz in a $23.3 billion dollar deal, netting Heinz shareholders $72.50 per share of common stock. Of the deal, which is expected to close in the third quarter of this year, Buffet said,

"Anytime we see a deal is attractive and it's our kind of business and we've got the money, I'm ready to go."

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