Berkshire Joins 3G Capital to Buy Heinz in $23 Billion Deal – BLoomberg 02-14-13

Salient to Investors:

Warren Buffett said any partnership where I don’t have to do the work is my kind of partnership.

Heinz is being bought for 14.6 times Ebitda versus the median of 7.6 times Ebitda of more than 100 comparable deals worldwide.

Christopher Growe at Stifel Nicolaus said Buffett’s affection for strong brand names make Heinz a good fit for his portfolio.

Read the full article at http://www.bloomberg.com/news/2013-02-14/berkshire-joins-3g-capital-to-buy-heinz-in-28-billion-food-deal.html

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