1. HIT THE 57

    Buffett’s Berkshire Hathaway to Buy Heinz

    PITTSBURGH, PA - AUGUST 23:  The historic neon Heinz factory sign is seen at night August 23, 2004 in Pittsburgh, Pennsylvania. H.J. Heinz Co reported its first-quarter earnings fell 9 percent compared to last year with with strong sales in North America.  (Photo by Chris Hondros/Getty Images)

    Historic Heinz factory sign in Pittsburgh. (Chris Hondros/Getty)

    One of America’s most successful investors went shopping again this week—this time in the food section. Warren Buffett’s massive conglomerate Berkshire Hathaway has reportedly teamed up with Brazilian investment firm 3G Capital to buy ketchup empire H.J. Heinz for $28 billion. Speaking to CNBC, Buffett expressed excitement about the deal. “Heinz is our kind of company with fantastic brands,” he said. Heinz shareholders will receive $72.50 cash for each share of common stock they own—a 20 percent premium of Heinz’s closing price of $60.48. You say tomato, Warren Buffett says ... whatever he wants.

    Read it at The Washington Post