Buffett's firm invests $462,000 in Heinz ahead of Kraft deal

Berkshire Hathaway Chairman and CEO Warren Buffett’s firm has invested another $462,000 in ketchup maker H.J. Heinz Co. before Heinz’ planned acquisition of Kraft Foods. | Nati Harnik/AP

OMAHA, Neb. — Warren Buffett’s company has invested another $462,000 in ketchup maker H.J. Heinz Co. before Heinz’ planned acquisition of Kraft Foods.

Heinz said in a government filing Thursday that Buffett’s Berkshire Hathaway Inc. owns 52.5 percent of the Pittsburgh-based food company after exercising a warrant and picking up 46.2 million more Heinz shares.

Berkshire teamed up with Brazilian investment firm 3G Capital to buy Heinz in 2013 for $23.3 billion.

Kraft shareholders will vote July 1 on whether to sell their company to Heinz and create a foodmaker with roughly $28 billion revenue.

If the Kraft deal is approved, Berkshire and 3G will control 51 percent of the new Kraft Heinz Company. Kraft shareholders will receive stock in the combined company and a special cash dividend of approximately $10 billion, or $16.50 per share.

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