Heinz to be acquired for $23 billion

Posted Feb 14, 2013 by Owen Weldon
Warren E. Buffet has decided that he will acquire another well-known American brand. His company will be purchasing H.J. Heinz.
A Heinz Ketchup bottle
A Heinz Ketchup bottle
Photo by daveknapik
According to NY Times, Buffet's Berkshire Hathaway announced on Thursday that it will buy Heinz for around $23 billion.
According to USA Today, shareholders will get around $72.50 for each common stock that they own. This will also include the assumption of Heinz's outstanding debt.
According to CNN, Buffet's company has investments in other high-profile companies, which includes Deere & CO., IBM and Procter & Gamble.
Buffet's company also owns numerous high profile companies, such as Dairy Queen, GEICO and Burlington Northern Santa Fe.