Warren Buffett’s Company and Brazilian Investors Team Up to Buy Heinz

Photo: Heinz

Some giant-food-company news this morning: Warren Buffett’s Berkshire Hathaway and Brazil’s 3G Capital are teaming up to buy Heinz for $23 billion. “Heinz is our kind of company with fantastic brands,” Buffett told CNBC. But even though Buffett’s in on the deal, it doesn’t sound like he’ll be doing much work. Instead, management of Heinz will fall to 3G, which also owns a majority stake in Burger King. Read more about the specifics of the deal over at Daily Intelligencer. [CNBC, Bloomberg, Daily Intelligencer]