Heinz Beats Investor Actions, Clears Path For Buyout Vote

Law360, Philadelphia (April 29, 2013, 7:18 PM EDT) -- A Pennsylvania judge on Monday dismissed seven putative class actions alleging H.J. Heinz Co.'s board failed to solicit other offers before accepting a $28 billion buyout from 3G Capital Partners Ltd. and Berkshire Hathaway Inc., clearing the way for a Tuesday vote to finalize the deal.

Judge Christine Ward in the Allegheny County Court of Common Pleas said she was bound by case law to accept a report from an independent committee commissioned by Heinz's board to investigate the claims raised in the suits and which...
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