US billionaire Warren Buffett's Berkshire Hathaway company and Brazilian private equity firm 3G Capital buy food giant Heinz in the largest take-over deal in the food industry history.
The takeover, worth $28 billion, has been approved by the Heinz board on February 14, pending the shareholders' vote.
"The Heinz brand is one of the most respected brands in the global food industry and this historic transaction provides tremendous value to Heinz shareholders," said Heinz chairman, president and chief executive William Johnson.
"We look forward to partnering with Berkshire Hathaway and 3G Capital, both greatly respected investors, in what will be an exciting new chapter in the history of Heinz."
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