H.J. Heinz (HNZ) announced the completion of its previously announced acquisition by an investment consortium comprised of Berkshire Hathaway (BRK.A) and an investment fund affiliated with 3G Capital. The acquisition agreement was first announced on February 14 and the transaction closed and became effective today. Heinz shareholders will receive $72.50 in cash for each share of common stock they owned as of the effective time of the merger. As a result of the completion of the merger, the common stock of Heinz will no longer be listed for trading on the NYSE and Heinz expects no further trading after the close of business on June 7.
- Mergers, Acquisitions & Takeovers
- Investment & Company Information
- Berkshire Hathaway