WASHINGTON -- Warren Buffett's investment powerhouse Berkshire Hathaway and 3G Capital announced Thursday that they would take over venerable ketchup maker Heinz (IW 1000/391) in a deal valuing the company at $28 billion.
The two will pay HJ Heinz shareholders $72.50 per share in cash, a 20% premium on Heinz's Wednesday closing price.
Counting debt assumed by the buyers, the deal valued Heinz at about $28 billion, they said....
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