4 Merger and Acquisitions Stock Stories Demanding Investor Attention
H.J. Heinz Company (NYSE: HNZ): Current price $72.30
In what could be a landmark deal in the history of the food industry, Heinz announced Thursday it will be purchased by an investment consortium comprised of Berkshire Hathaway (NYSE:BRKA) and 3G Capital. Through the terms, which were unanimously okayed by the board, Heinz shareholders will receive $72.50 in cash for each share of common stock they own, in a transaction valued at $28 billion, which includes the assumption of Heinz outstanding debt.