Shares of H.J. Heinz (HNZ) spiked on Thursday after the diversified food manufacturing company agreed to sell itself to 3G Capital and Warren Buffett's Berkshire Hathaway (BRK.A). Shares of Heinz rose 20% to $72.50 per share, while shares of Berkshire rose by 1.0%.
The Deal
3G Capital and Berkshire Hathaway announced that they have agreed to acquire H.J. Heinz, the food manufacturer known from the famous Ketchup brand, for $72.50 per share.
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