Skip to main content
Advertising

Originally published Monday, May 6, 2013 at 4:20 AM

  • Share:
             
  • Comments (0)
  • Print

Buffett defends structure of $23B Heinz deal

Investor Warren Buffett says he expects Berkshire Hathaway to own a stake in ketchup-maker H.J. Heinz Co. forever, and he doesn't see a problem in taking a partner - the Brazilian investment firm 3G Capital - in the $23.3 billion deal.

The Associated Press

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

OMAHA, Neb. —

Investor Warren Buffett says he expects Berkshire Hathaway to own a stake in ketchup-maker H.J. Heinz Co. forever, and he doesn't see a problem in taking a partner - the Brazilian investment firm 3G Capital - in the $23.3 billion deal.

Buffett said in an interview on CNBC on Monday that he doesn't consider 3G a traditional private equity firm because it is investing a significant amount of its own money and it runs businesses. Some people had questioned whether the deal that will give Berkshire a 50 percent stake in Heinz represented a change in investment style for Buffett's conglomerate.

Generally Berkshire buys entire companies outright and allows them to continue operating largely unchanged.

Buffett says he hopes Berkshire Hathaway Inc.'s stake in Heinz will grow over time.

News where, when and how you want it

Email Icon

The Seattle Times wins top award for multimedia storytelling

The Seattle Times wins top award for multimedia storytelling

Our Sea Change series received a prestigious 2015 DuPont-Columbia award for showcasing the power of storytelling on the Web. Experience the report here.

Advertising

Advertising


Advertising
The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►