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Home » Heinz to be acquired by Berkshire Hathaway, 3G Capital
Berkshire Hathaway and 3G Capital entered into an agreement to acquire H.J. Heinz in the largest ever food industry transaction, valued at $28 billion. Heinz shareholders will receive $72.50 per share in cash, which represents a 20 percent premium to Heinz’s February 13 closing share price of $60.48. Berkshire Hathaway has agreed to absorb Heinz’s debt and pledged not to move the company’s Pittsburgh, PA headquarters.