Heinz is to buy 51 % of Kraft in a deal brokered by Berkshire and the Brazilian - based private
equity company 3G.
Not exact matches
Yet this time around Burger King, backed by its largest shareholder, a Brazilian private
equity firm called
3G Capital, plans to locate the holding
company that will control the two chains squarely on Canadian soil.
Kraft Heinz, the global food
company, has implemented ZBB accounting, led by its new owner,
3G Capital, a private -
equity firm.
Earlier, the
companies said Kraft shareholders will receive stock in the combined
company and a special cash dividend of $ 16.50 per share, financed by a $ 10 billion investment from private
equity firm
3G Capital and Berkshire Hathaway.
As the cash consideration is fully funded by common
equity from Berkshire Hathaway and
3G Capital, the merger is not expected to increase the debt levels of The Kraft Heinz
Company.
Couldn't
3G and BRK (especially) used all the cash they have to get more
equity since the huge cash position is a problem, and this
company it so large.