Warren Buffett was approved to acquire Heinz with 3G Capital
U.S. food giant Heinz Group (HNZ) announced on June 3 night that regulators had approved Warren Buff…U.S. food giant Heinz Group (HNZ) announced on June 3 night that regulators had approved Warren Buffett's Berkshire Hathaway Inc. and Brazil 3G Capital's M & A transactions of its businesses. The acquisition is expected to be completed before June 7.
February this year, Warren Buffett's Berkshire Hathaway Inc. and 3G Capital announced, they will cooperate to acquire Heinz with $ 23.3 billion.
According to foreign media reported that time, Heinz said this would be the largest M & A transactions in food industry.
Heinz, which is the largest ketchup manufacturer in the world, has businesses in more than 110 countries and territories.