NEW YORK (AP) — H.J. Heinz Co. is being purchased by an investment group including billionaire investor Warren Buffett in a deal valued at $23.3 billion.
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NEW YORK (AP) — H.J. Heinz Co. is being purchased by an investment group including billionaire investor Warren Buffett in a deal valued at $23.3 billion.
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Contrary to reports..this is really a FINANCING deal for Berkshire. 2/3rds of Berkshire investment is for 9% Preferred Shares. Pretty nice getting a 9% Yield paid by Heinz cash flows. The rest of us need to roll the dice with junk companies to get 5%. That's why he's a Zillionaire.
He got 10% from goldman sachs. What a shake down, he's the man.