Today, Bloomberg TV posted a video of an interview with the attorney representing Heinz in the Berkshire deal. Spencer Mazyck, interviewed the Attorney that advised Heinz on their $23 billion buyout.
"How quickly did the deal come together?" Spencer asked. "The deal did come together very quickly, 3G approached Bill Johnson, the CEO of Heinz on January 10th, they had a sit down and they indicated they were working with Berkshire, Hathaway and they were interested in acquiring Heinz. The proposal was not made on January 10th but they said they should expect a letter shortly. We announced the transactions on February 14th." John said.
"Before January 10th did Bill Johnson see this coming?" Spencer asked. "There was an initial dinner in December, between some representatives of 3G Capital and Bill Johnson but the deal wasn't really discussed in that setting," John said.
"Was the speed of the deal related to the parties involved?" Spencer asked. "I have never done a transaction opposite Berkshire Hathaway this was very exciting, everyone asked me if I got to meet Warren Buffett. I just worked with his lawyers," John said.
Warren Buffett does not regret one of his latest transactions. "We hope to own Heinz 100 years from now," Buffett said. "If you own great brands and you take care of them, they're terrific assets."
"If we get a chance to buy another Heinz, we will do that," Buffett said on CNBC-TV.
According to Forbes, Warren Buffett is worth approximately $53.5 billion and is number 15 on The World's Most Powerful People list. He was also placed at number 2 on their Forbes 400 Richest Americans list and number 4 on The World's Billionaire's list. This year the 2013 World's Billionaire list includes names like Fashion Designer, Tori Burch and Renzo Rosso who founded Diesel. Diesel is a denim jeans company.
According to the company's official website, The H.J. Heinz Company, headquartered in Pittsburgh, Pennsylvania, is the most global of all U.S.-based food companies. Famous for our iconic brands on six continents, Heinz provides delicious, nutritious and convenient foods for families in 200 countries around the world. In more than 50 of those countries, we enjoy the number-one or number-two market position.
