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.
According to Heinz CEO, William Johnson, and Alex Behring, managing partner of 3G Capital, it’s too early to tell how jobs might be impacted.