Besides the fact that this would be a perfectly fine purchase by itself, you don't understand the deal!
The key detail here is that 3G is getting only equity with levered funds. Buffett on the other hand is primarily getting something else. A majority of his stake is coming from preferred shares paying a **9%** dividend. For a company as stable as Heinz with a credit picture as healthy as it is, a 9% dividend is basically no different than a high rated bond with a 9% coupon. That means that he is going to be one stripping out the cash flow of the company leaving little for 3G to reinvest in expanding operationally(already hard to do with a market saturated Heinz) meaning that they are hampered in growing the returns on their equity investment because earnings growth will likely be slow and steady going forward.
In my eyes this represents Buffett and Heinz screwing 3G.
it also suggest he's very optimistic for the future economy having paid a record high price for the company - I guess Buffet will go broke in retirement if he doesn't get his 9% dividend. When is the last time he bought a new car?
Gee. Your idea of a "boring, junk company" is my idea of the perfect long-term investment. I would rather keep my shares and collect the ever-increasing dividend income than be forced to take a cash buyout, but it's because of people like you that I will be out-voted when the time comes for shareholders to vote on the deal.
Why is this the perfect long-term investment? The "moat" is huge; the products will never become obsolete; the market for the product will never diminish, and will probably grow as new markets "emerge"; there's a built-in protection against inflation since the price of the products will "float" with inflation; and who cares about the whims of market valuation when the dividend payout that you're collecting every three months is steadily growing?
Methinks maybe Warren Buffett is smarter than you.