Buffett Search for Heinz Sequel Puts Kellogg in Sights: Real M&A
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The busiest period for mega-deals in seven years may be an appetizer to Warren Buffett’s biggest takeover yet.
The 83-year-old chairman of Berkshire Hathaway Inc. told shareholders May 3 that he’d welcome another large deal with 3G Capital after teaming up with the buyout firm last year to acquire ketchup maker H.J. Heinz Co. Food companies Kellogg Co., Kraft Foods Group Inc. and General Mills Inc. -- each valued at more than $20 billion before debt and a takeover premium -- may fit the bill for Berkshire and 3G, according to data compiled by Bloomberg based on criteria Buffett has said he looks for when evaluating targets.