Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

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To: richardred who wrote (3150)	2/14/2013 9:00:40 AM
From: richardred	1 Recommendation Read Replies (1) of 7242

Well Warren, I was right on the Iconic brand name part. It came right on my list of Iconic brand names in the SITT header. .H J Heinz Co-Anticipation it's slow good Berkshire Hathaway, 3G to Acquire Heinz for $28 Billion CNBCBy CNBC \| CNBC – 27 minutes ago @cnbc on Twitter H.J. Heinz (HNZ) confirmed Thursday that it agreed to be acquired by Warren Buffett's Berkshire Hathaway (BRK-A) and 3G Capital for $72.50 a share, or $28 billion, including debt. Shares of the ketchup making giant were up more than 20 percent in pre-market trading following the announcement. (Click here to track the stock's reaction to the buyout news: (HNZ) (More From CNBC: 401(k) Balances Hit All-Time Record--How Does Yours Compare?) In an interview with CNBC's "Squawk Box," Buffett, Berkshire Hathaway chairman and CEO, said that, from an operational standpoint "Heinz will be 3G's baby." Buffett said he first started talking about the Heinz deal back in December, "but I have a file on Heinz that goes back to 1980." "This is my kind of deal and my kind of partner," he added. "Heinz is our kind of company with fantastic brands." finance.yahoo.com

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