Originally posted on CBS Pittsburgh:
PITTSBURGH (KDKA/AP) – H.J. Heinz Co. says it agreed to be acquired by Warren Buffett’s Berkshire Hathaway and 3G Capital in a deal valued at $23.3 billion.
It’s already being called the largest deal in the food industry.
The deal takes Heinz from a public company back to a private and guarantees that the headquarters remain in Pittsburgh.