Kerry Paid off ?

[GURPS (Premo)]

Warren Buffett's Berkshire Hathaway and 3G Capital to buy Heinz in $28bn deal

US financial titan Warren Buffett's investment firm Berkshire Hathaway, along with 3G Capital, has agreed to buy baked beans giant Heinz for $28bn (£18bn), in the food industry's largest ever acquisition.

The billionaire's investment vehicle is putting up between $12bn and $13bn in cash as part of the purchase. Jorge Lemann, Brazil’s second-richest man who runs 3G, and loans from US banks JP Morgan and Wells Fargo will make up the rest.

"It's my kind of deal and it's my kind of partner," Mr Buffett told CNBC, adding that Berkshire and 3G, which will have operational control of Heinz, would be equal equity partners.

Berkshire Hathaway and 3G Capital are set to pay stockholders $72.50 per share, a 19pc premium on $72.80 on Heinz's all-time high share price, bringing the deal's value to $28bn including debt assumption.

Heinz said the deal would be financed with cash from Berkshire and 3G, debt rollover and debt financing from JP Morgan and Wells Fargo.

[Pete]

Buffet is no fool. Evidently he has a feeling that we are going to be reduced to eating a lot of pork and beans soon so he is positioning himself to reap profits from our fiscal collapse.

Brilliant!

[bcp (Premo)]

Originally Posted by Pete

Buffet is no fool. Evidently he has a feeling that we are going to be reduced to eating a lot of pork and beans soon so he is positioning himself to reap profits from our fiscal collapse.

Brilliant!

hmmm,
I suppose that could also be the start of renewable energy.
think about it, couple years into the bean fest, and special designed engines will be able to run by just pulling the outside air into it and atomizing the methane.

[jrt_ms1995]

Originally Posted by bcp

hmmm,
I suppose that could also be the start of renewable energy.
think about it, couple years into the bean fest, and special designed engines will be able to run by just pulling the outside air into it and atomizing the methane.

Atmospheric concentration would still be to low. But, I expect our Government would mandate sticking something up our a**es and, oh, wait, nebbermind.

[MMDad]

Originally Posted by Pete

Buffet is no fool. Evidently he has a feeling that we are going to be reduced to eating a lot of pork and beans soon so he is positioning himself to reap profits from our fiscal collapse.

Brilliant!

It's the first step in his master plan. He will soon own all food producers, then he can take over all restaurants. They will all be the same - massive amounts of cheap food. Being the narcissist he is, he'll name it after himself. Bean Buffet.

[tommyjo]

Originally Posted by GURPS

Warren Buffett's Berkshire Hathaway and 3G Capital to buy Heinz in $28bn deal

US financial titan Warren Buffett's investment firm Berkshire Hathaway, along with 3G Capital, has agreed to buy baked beans giant Heinz for $28bn (£18bn), in the food industry's largest ever acquisition.

The billionaire's investment vehicle is putting up between $12bn and $13bn in cash as part of the purchase. Jorge Lemann, Brazil’s second-richest man who runs 3G, and loans from US banks JP Morgan and Wells Fargo will make up the rest.

"It's my kind of deal and it's my kind of partner," Mr Buffett told CNBC, adding that Berkshire and 3G, which will have operational control of Heinz, would be equal equity partners.

Berkshire Hathaway and 3G Capital are set to pay stockholders $72.50 per share, a 19pc premium on $72.80 on Heinz's all-time high share price, bringing the deal's value to $28bn including debt assumption.

Heinz said the deal would be financed with cash from Berkshire and 3G, debt rollover and debt financing from JP Morgan and Wells Fargo.

Nice post...if you are into yesterday's news.

[MMDad]

Originally Posted by tommyjo

Nice post...if you are into yesterday's news.

Is there a ten hour time limit on discussing news? What's your point? "That is so yesterday?"

I understand you libs hate to study history since it proves everything you stand for wrong, but now you won't even go back to yesterday? Time for you to change your party symbol from a jackass to an ostrich.

[MMDad]

Originally Posted by tommyjo

Nice post...if you are into yesterday's news.

Here's the story NYT posted an hour ago:

Berkshire and 3G Capital in a $23 Billion Deal for Heinz - NYTimes.com

Is that current enough to discuss?

[itsbob]

Originally Posted by tommyjo

Nice post...if you are into yesterday's news.

So brilliant one, how much money are the Kerry's set to make on this deal??

[Larry Gude (Premo)]

Can we stop pretending John Kerry had ANYTHING to do with this?

Momma didn't get herself a boy toy to let him run the store. She got him to look good on her arm, know which fork to use, hold up his end of the conversation when she wants to hear him speak, not embarrass her in front of the gals and go find her some good parties to go to.

Sec State's a pretty good gig for that sort of thing.