Warren Buffet Will Buy Heinz

Warren Buffet would buy food giant Heinz is worth U.S. $ 28 billion.

Buffet company, Berkshire Hathaway, with 3G Capital will acquire food manufacturer known for sauce and red beans kalengannya it.

They will pay U.S. $ 72.5 per share, higher than the Heinz stock at the close yesterday at U.S. $ 60.48.

Buffett told CNBC that Berkshire will pay about U.S. $ 12 billion - U.S. $ 13 billion in transactions. The transaction also will be funded in cash by an affiliate of 3G, plus rollover existing debt, bringing the total to U.S. $ 28 billion.

In a statement, Heinz called the deal would be the biggest deal historically and in the food industry.

Heinz's board of directors has approved the plan but still need the voice of shareholders.

"Heinz brand is one of the most famous brands in the world food industry and this historic transaction will bring tremendous value to Heinz shareholders," said Chairman, President, and Chief Executive William Johnson Heinz.

"We look forward to the time working with Berkshire Hathaway and 3G Capital were both respectable investor, in the new chapter of history that Heinz would be very interesting," he continued.

Heinz acquisition transaction will marry one of the most famous brands in the food industry with one of the most prominent U.S. businessman.

Buffett is one of the richest men in the world, which collects billions of dollars over decades of investing.

"Heinz has strong growth potential and continued based on the standards of quality, innovation, excellent management, and products with good taste," Buffett said in a statement.

He told CNBC that the 3G to her since last December to complete this transaction. "This is kind of my deal," he said.