The big news of the day is
So what does Buffett get for this?
We took these four slides from a recent investor presentation.
First, here's what Heinz sells. The company's products are divided between Ketchup/Sauces, Meals/Snacks, and Infant/Nutrition.
Heinz
Here's the company's global footprint. This is a huge international play.
Heinz
Heinz's stock has had a great run over the last decade.
Heinz
And here's the P&L. For $28 billion, Buffett is getting over $5.6 billion in annual sales, and $800 million in annual income.
Heinz
For the full press release on the Heinz deal, see here >