Berkshire, 3G Capital to Purchase Heinz in $28 Billion Deal

In what is being called the largest deal ever in the food industry, Berkshire Hathaway and a fund managed by global investment firm 3G Capital will acquire H.J. Heinz Company, one of the world’s leading producers of convenient and affordable foods. Munger, Tolles & Olson represented Berkshire Hathaway in the transaction, which was announced on Feb. 14.

Under the terms of the agreement, Heinz shareholders will receive $72.50 in cash for each share of common stock they own, in a transaction valued at $28 billion, including the assumption of Heinz’s outstanding debt.

The Munger Tolles team included Robert E. Denham, Mary Ann Todd, Judith T. Kitano, Stephen D. Rose, Brett J. Rodda and Sarah L. Graham.