Heinz Investors OK $28B Buyout Offer From Buffett, 3G

Law360, New York (April 30, 2013, 2:44 PM EDT) -- H.J. Heinz Co. on Tuesday said its shareholders have approved the landmark $28 billion buyout offer from 3G Capital Partners Ltd. and Warren Buffett's Berkshire Hathaway Inc., clearing the way for consummation of the largest deal of its kind in the food industry.

The iconic ketchup maker said approximately 95 percent of investors voted in favor of the merger, representing around 60 percent of Heinz’s outstanding common stock as of mid-March.

“When this transaction was announced on Feb. 14, I said that it would provide tremendous...
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