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.

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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.

However, they were optimistic that the move could mean more local jobs as the company strengthens its position globally.

“I don’t think from a Pittsburgh community standpoint there’s going to be anything you’ll notice different about the company. And I think the employees are both enthusiastic and frankly there’s a little angst about what this means for them, but I can tell you…

View original 403 more words

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Kenneth Carnesi holds a Juris Doctor degree from New York Law School and a Professional Certificate in International Banking from Harvard Law School. Kenneth Carnesi is the Director of International Sales at Quality Door & Hardware,Inc. and sits on the Board of The Lazarus Organization

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