Ketchup maker H.J. Heinz Co, backed by Warren Buffett's Berkshire Hathaway Inc (BRKa.N) and Brazilian private equity firm 3G Capital, will combine with Kraft Foods Group Inc
Tags: 3G Capital
3G Capital Quietly Sells 16.1% Stake in Kraft Heinz, Ending Nine-Year Run
Brazilian private equity firm 3G Capital exits Kraft Heinz after nearly nine years, marking the end of an era and signaling changes ahead for the food giant.
Kraft Heinz reports profit in Q4, beats Wall Street view
The Kraft Heinz Company on Thursday reported its fourth-quarter earnings that outstripped analysts' estimate. The company also declared a quarterly dividend of $0.575 per common share.
Brazilian PE firm 3G Capital eyes SAB Miller
Brazilian private equity (PE) major 3G Capital is mulling over a possible buyout of SAB Miller, maker of Miller, through its AnheuserBusch InBev, maker of Budweiser. Paving way for a major consolidation in the beer industry as the world's largest brewer AnheuserBusch InBev is bidding for SAB Miller, the second largest brewer. If the deal is successful, it'll be one of the top-6 global corporate takeovers in the history.
Kraft Heinz terminates 2,500 jobs in the U.S. and Canada to save costs
Kraft Heinz is cutting 2,500 jobs in the U.S. and Canada, including 700 of its workforce in Northfield, Illinois in order to cut expenses.
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Warren Buffett wants to buy more businesses to add to Berkshire Hathaway Inc's "sprawl," but cautioned it may not keep the company he has run for 50 years from evolving into something rarely used to describe it up until now: average.
Warren Buffett, in his annual letter to Berkshire Hathaway Inc shareholders last year, called America "the mother lode of opportunity."
H.J. Heinz Company today announced the completion of its previously announced acquisition by an investment consortium comprised of Berkshire Hathaway and an investment fund affiliated with 3G Capital.
Heinz shareholders approve Berkshire Hathaway-3G Capital buyout bid. Heinz is nearing total privatization. In an announcement, Heinz shareholders approved the acquisition by Berkshire Hathaway and 3G Capital.
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