$28B Heinz Buyout Expected To Close In June After China OK

Law360, New York (May 24, 2013, 3:07 PM EDT) -- Berkshire Hathaway Inc. and 3G Capital Management LLC's $28 billion buyout of H.J. Heinz Co. has received regulatory approval from the Chinese government and is headed for a June close, Heinz announced Friday.

The Pennsylvania-based condiment giant said the Chinese Ministry of Commerce has approved the take-private deal by Warren Buffett's Berkshire Hathaway and private equity firm 3G Capital. The deal is now expected to close in early to mid-June, Heinz said.

The landmark buyout was announced on Feb. 14 and received overwhelming shareholder approval in an...
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