Tag Archives: Berkshire

3G Gets Krafty- Puts Heinz Ketchup On Oscar Mayer Weiners, With Assist From Warren Buffett

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Less than 3 years after being spun off from then Kraft Foods (now the ill-named Mondelez [MDLZ]), Kraft Foods Group (KRFT) has agreed to a merger with Heinz. Heinz was taken private in 2013 by Brazilian private equity firm 3G capital, with backing from Warren Buffett’s Berkshire Hathaway(BRKA,BRKB).  Berkshire Hathaway and 3G will be injecting an additional $10 billion… Read More »

Buffett Swoops In, Taking Procter & Gamble’s Duracell Spinoff Off The Table

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Late last month, Procter & Gamble(PG) announced that it would be divesting its Duracell business.  At the time, its preferred outcome was to spin off the division to shareholders. The second step is the exit of the Duracell business. Although no decision has been made on the form of the exit, P&G’s current preference is a split-off of… Read More »