Burger King CEO Hees to Take Heinz Reins After Buyout
Burger King CEO Bernardo Hees will take the top job at Heinz following its acquisition by investment firm 3G Capital and Warren Buffett's Berkshire Hathaway Inc.
3g capital
FBI Investigates Potential Insider Trading in Buffett's Heinz Deal
The FBI is looking into alleged insider trading in the options of ketchup maker H.J. Heinz Co before its blockbuster acquisition last week by Warren Buffett and Brazil's 3G Capital. The SEC says traders in Switzerland used a Goldman Sachs account to trade on purported inside knowledge of the transaction.
Midday Market Minute: Food Industry News Galore (Kraft, Burger King, More)
Earnings galore today from Kraft, Campbell Soup, JM Smucker and others. And the big news yesterday -– the takeover of HJ Heinz by Warren Buffett and a Brazilian firm, 3G Capital, which is also the largest shareholder in Burger King. You see the synergy: Heinz on a whopper.
Warren Buffett Part of Group to Buy Heinz in $23 Billion Deal
H.J. Heinz Co. has agreed to be acquired by an investment group including billionaire investor Warren Buffett in a deal valued at $23.3 billion. The ketchup company says it's the largest deal ever in the food industry. Berkshire Hathaway and 3G Capital are making the purchase.
Back on Burger King's Menu After 2 Years: Publicly Traded Stock
Burger King is returning to the New York Stock Exchange Wednesday. The world's No. 2 hamburger chain last traded in 2010, when it was purchased and taken private by investment firm 3G Capital, which has been overhauling its operations.
Burger King Agrees to Be Bought by 3G Capital for $24 a Share
3G Capital will acquire Burger King for $24 per share, or $4 billion, including the assumption of the company's outstanding debt. Burger King's board has unanimously approved the deal.