Heinz (Cash good as money)
02/19/2013 15:14
Heinz is another company like Yogi Berra says, “They give you cash, which is good as money.” Some equity analysts might consider Heinz a boring company to own compared exciting technology companies. Consider this an economic term “complementary goods” when items go together like ketchup, and mustard, ice cream and cake and etc. Billions of dollars hamburgers, hot dogs, French fries and etc. are purchased by consumers from the various domestic and international markets. Berkshire Hathaway is purchasing another company with the consumer buys very often. Heinz market share it is a classic Warren Buffet investment finding companies that always increasing revenue over a long period of time. Berkshire Hathaway and3G Capital Management LLC is offering a LBO Leverage Buyout Offer at $72.50 with 20 percent premium Wednesday closing at $60.48.The Heinz Board of Directors accepted the offer Berkshire Hathaway and 3G Capital Management LLC. Within the next couple weeks will see if the shareholders votes will reject or accepted the $72.50 per share buyout.