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Overnight, though they lost some ground this morning. A lot to watch, china pmi backing expansion, the fed launches a new dollar repo operation. Jim, sounds like youre focused on testing, having talked to abbott last night. Right i think that myles white and now the new ceo recognize this, as they did during the aids epidemic, when you find out who has it, everything changes in this country, we can find out who has it, and doing a serilogical test, finding out from blood of people who have had it maybe a lot more people have had it than we knew. Maybe we can find who has got it, they can be quarantined. Already the carpers people are saying its only going to be med techs and hospitals. Myles and robert told me absolutely, this will devolve into a pregnancy test at home. How quickly, i dont know. Abbott labs is one of them dr. Gottlieb is going you know what ive seen science this is working in forgave earl avor ofd guys megs work with alex gorsky made me feel maybe next year we can go t ....
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 ....
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 ....
So it doesnt look to, like, buy then sell in a few years like a lot of private equity firms. Reporter 3g is run by jorge paulo lemann. He and buffett both served on the board of gillette. 3g capital snapped up burger king two years ago. The fast food chain has been aggressively overseas. Analysts say we could see more wellestablished u. S. Brands look to do deals with partners in fastgrowing emerging markets as a way to spark growth. Ruben ramirez, n. B. R. , new york. Susie steve farley is familiar with Warren Buffetts recipe for success. His new York Investment firm, farley capital, has held Berkshire Hathaway stock for two decades. So, steve, we know that Warren Buffett likes bargains. Hes a penny pincher, selfdescribed. And here hes paying a 20 premium for ....
So it doesnt look to, like, buy then sell in a few years like a lot of private equity firms. Reporter 3g is run by jorge paulo lemann. He and buffett both served on the board of gillette. 3g capital snapped up burger king two years ago. The fast food chain has been aggressively overseas. Analysts say we could see more wellestablished u. S. Brands look to do deals with partners in fastgrowing emerging markets as a way to spark growth. Ruben ramirez, n. B. R. , new york. Susie steve farley is familiar with Warren Buffetts recipe for success. His new York Investment firm, farley capital, has held Berkshire Hathaway stock for two decades. So, steve, we know that Warren Buffett likes bargains. Hes a penny pincher, selfdescribed. And here hes paying a 20 premium for ....