Daily Sound Bite: Buffet Bets on Heinz

Billionaire Warren Buffet's Berkshire Hathaway, along with 3G Capital, will acquire Heinz in a $23.3 billion dollar deal, netting Heinz shareholders $72.50 per share of common stock. Of the deal, which is expected to close in the third quarter of this year, Buffet said,

"Anytime we see a deal is attractive and it's our kind of business and we've got the money, I'm ready to go."

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