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Heinz Being Bought by Berkshire Hathaway Group for $28B

NEW YORK ( TheStreet) -- H.J. Heinz (HNZ), the ketchup maker, said Thursday it agreed to be bought by an investment group that includes Warren Buffett's Berkshire Hathaway (BRK.A - Get Report).

The deal is valued at $28 billion, including debt.

Heinz shareholders will get $72.50 in cash for each common share they own.

Heinz shares closed Wednesday at $60.48.

>> Click here to read more about the deal: Warren Buffett's Elephant Gun Hits Heinz, by Antoine Gara

-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel

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