- Associated Press - Wednesday, March 25, 2015

OMAHA, Neb. (AP) - Warren Buffett’s investments will soon include more foods that could be on a menu for his favorite cheeseburger meal once H.J. Heinz’s acquisition of Kraft Foods is complete.

Buffett’s Berkshire Hathaway, which owns roughly half of Heinz, will become the biggest shareholder in the new Kraft Heinz Co. in the deal announced Wednesday.

Buffett is famous for his simple tastes for cheeseburgers, steaks Coke and ice cream. Berkshire already owned Dairy Queen and Heinz, and it’s the biggest shareholder in Coca-Cola.

This deal will give him Kraft Macaroni and Cheese and A.1. Steak Sauce to accompany those meals, and it will create one of the largest food and beverage companies in the world.

Berkshire and its Heinz partner, Brazilian investment firm 3G Capital, will invest $10 billion in the deal.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide