Sunday, February 17, 2013

Call Me If You Find Other Giant Companies

Warren Buffett was tired expand. After completing the deal to acquire HJ Heinz with 3G Capital Management, the world's millionaires are still looking for large acquisitions and have cash to pay for it.

In an interview directly with CNBC, Buffett could even throw a joke. "I'm ready to acquire other elephants. I beg you, if you see any other elephant passing by, my phone ya."

Buffett steps taken in accordance with the letter of reference sent to the shareholders of Berkshire Hathaway in 2011. At the time, he says, companies need large acquisitions to maintain growth in the non-insurance businesses.

Buffett also explained that Berkshire has contributed to the range of value of U.S. $ 12-US $ 13 billion in a deal Heinz. So, they still have cash for another major acquisition if Buffett found.

According to Buffett, the end of 2012, Berkshire had cash U.S. $ 47 billion.

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