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Airlines is merging with u. S. Airways, creating the Worlds Largest airline company; and Warren Buffett is buying h. J. Heinz, the Biggest Food Company acquisition ever. Well have more on american in a moment, but we begin tonight with buffett and that surprising megafood deal. The billionaire investor is teaming up with the billionaire owners of 3g capital to buy the ketchup maker for 28 billion. The private equity group and Buffetts Berkshire hathaway are paying 72. 50 a share in cash. Thats a 20 premium over heinzs Closing Price yesterday. Ruben ramirez reports. Reporter the oracle of omaha now has a new title ketchup king. For the first time, warren waomett, whos shifr ay working with private equit ....
Good morning, everyone. Welcome to a special edition of squawk box here on cnbc. Im becky quick and this morning i am in a suburb of omaha ham, nebraska, called la vista. Joe kernen is back at cnbc headquarters on the east coast. Our special guest this morning is Berkshire HathawaysWarren Buffett. Weve been soliciting your questions for mr. Bust over the last several days and as always, he he didnt disappoint. You have emailed, tweeted, facebooked and shared your thoughts on linkedin. Before we get to that, joe is going to give us a quick rundown of the mornings top headlines. Hey, beck. I know the sequester is hitting everybody hard, but this is your new set up there with the boxes and the usually we can splurge a little bit more. This is affecting everyone, i think. This it is. But this was a purchase. Berkshire never gave any numbers on this, but it was reported that ....
Ge has more cash to do things with. Time and mens fortunes change. You go with the flow. Every time they do a deal, they say its great for both parties. Stock goes up in one case and down in the other. Ge is in one, can use the money, comcast in another and actually worked. Worked out well. Comcast has a great set of assets now a ge has cash to invest in what they want to do. We all do it differently in our times. Jack, we love you, on valentines day especially. Happy valentines day. Merger thursday with all these deals. Huge day on wall street. Almost 100 million in fees for the banks. Center view bank. Make sure you join us tomorrow. Happy valentines day. Congratulations to squawk. What a breaking news. Warren buffett making a big deal with heinz. Im Carl Quintanilla from the stock exchange. Kramer is off. We hope aol call in. Heck of a week to take a vacation, one of the biggest months for m and a. Yeartodate, m and a volume ....
Well have more on american in a moment, but we begin tonight with buffett and that surprising megafood deal. The billionaire investor is teaming up with the billionaire owners of 3g capital to buy the ketchup maker for 28 billion. The private equity group and Buffetts Berkshire hathaway are paying 72. 50 a share in cash. Thats a 20 premium over heinzs Closing Price yesterday. Ruben ramirez reports. Reporter the oracle of omaha now has a new title ketchup king. For the first time, Warren Buffett, whos shied away from working with private equity partners, is teaming up with 3g capital in a 28 billion deal close to 24 billion of that in cash and the assumption of 4 billion in debt to take h. J. Heinz private. Warren buffett is starting to get older at this point, and, in this case, hes having 3g handle the operational si ....