Berkshire Meeting: Buffett on Unilever Bid
May 06 2017 - 12:45PM
Dow Jones News
The next question yields the news that Berkshire and
private-equity firm 3G were each going to pitch in $15 billion to
help Kraft Heinz acquire Unilver. Each company owns about a quarter
of Kraft Heinz. Berkshire's participation was contingent on the
deal being a friendly offer, Mr. Buffett says.
That deal fell through shortly after news of the proposal became
public in February when Unilever rebuffed the approach.
Click here to see the full live coverage of Warren Buffett at
Berkshire Hathaway's annual meeting:
http://www.wsj.com/livecoverage/berkshire-hathaway-2017-annual-meeting-analysis
Write to Erik Holm at erik.holm@wsj.com
(END) Dow Jones Newswires
May 06, 2017 12:30 ET (16:30 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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