Deals
Heinz, Directors Sued by Investors Over Berkshire Takeover
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H.J. Heinz Co. and its directors were sued by investors who contend they will be shortchanged in the ketchup maker’s proposed $23 billion acquisition by Berkshire Hathaway Inc. and 3G Capital Inc.
Heinz, based in Pittsburgh, said Feb. 14 that Berkshire and 3G will pay $72.50 a share, a 20 percent premium at the time and the largest-ever food industry transaction.