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>> WARREN BUFFETT Latest News

FEB 15, 2013 - Yahoo! News

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Buffett, Brazil's 3G team up for $23 billion Heinz buyout

(Reuters) - Warren Buffett and Brazilian financier Jorge Paulo Lemann are teaming up to buy ketchup maker H.J. Heinz Co for $23.2 billion, in what could be the first step of a wave of mergers for the food and beverage industry. Analysts and people close to the deal said Heinz could be a good starting point to consolidate similar staple food companies, particularly given the larger ambitions of Lemann's private equity firm 3G Capital. Including debt assumption, Heinz valued the transaction, which it called the largest in its industry's history, at $28 billion. ...

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