• Fri
  • Dec 19, 2014
  • Updated: 8:55pm

HJ Heinz

China approves Warren Buffett's Heinz buy

Berkshire Hathaway and 3G Capital are pure investment firms, with little or no direct involvement in the food sectors where Heinz makes most of its money. Photo: Reuters

After repeatedly criticising China's anti-monopoly regulator for its slowness in approving global M&A, I finally have to congratulate the Chinese Commerce Ministry for improving its record with the relatively fast approval of a major deal.

Monday, 27 May, 2013, 11:20am

Burger King chief beefs up Heinz leadership

Burger King chief beefs up Heinz leadership

Warren Buffett's Berkshire Hathaway and Jorge Paulo Lemann's 3G Capital said Bernardo Hees would become chief executive of HJ Heinz, the ketchup maker being bought by the billionaire investors.

13 Apr 2013 - 4:51am

There's something about equities

Buffett's play for Heinz was spurred by its solid earnings. Photo: Bloomberg

Happy days are here again for equity investors. That's the message from a growing number of folk in the investment business, and they are putting their money where their mouths are. The year got off to a flying start in January with the FTSE All-World Index Series - which tracks equities - touching its highest level since June 2008.

25 Feb 2013 - 2:14am

A Good Week for ... , February 17, 2013

The Hong Kong Jockey Club's Lunar New Year celebration smashed all records.

The Jockey Club's Lunar New Year celebration smashed all records for the occasion as crowds packed Sha Tin racecourse on Tuesday.

17 Feb 2013 - 1:59am

Briefs, February 17, 2013

Aboriginal Affairs Minister John Duncan is on the way out.

Former Los Angeles policeman Christopher Dorner, who launched a reign of terror against former colleagues and their families, died from a single gunshot wound to the head, a coroner said.

17 Feb 2013 - 6:35am

Billionaires Buffett and Jorge Paulo Lemann buy Heinz for US$23b

Warren Buffett's Berkshire Hathaway will buy global brand Heinz. Photo: EPA

Buffett's Berkshire Hathaway conglomerate and Lemann's buyout firm 3G Capital, will pay US$72.50 a share, a 20 per cent premium over Wednesday's closing price of US$60.48.

15 Feb 2013 - 2:23am