Berkshire Hathaway chairman and CEO Warren Buffett said Monday
on CNBC that he intends to hold H.J. Heinz Co. stock "forever"
after its purchase last year with 3G Capital Management but that
"an IPO" could happen a few years down the road.
"That could happen," he said, "because the 3G people they did
that with Burger King and they have a number of investors," he
said.
"Undoubtedly some of those investors will want to get out and if
the figures get good as I assume they will, they might be able to
get out under a significant profit," he said.
Mr. Buffett said he and 3G would continue to be "equal partners"
even if Berkshire began to purchase some of the 3G partners' shares
and the share distribution shifted somewhat.
"Our problem is putting money to work," he said. "We're not
looking to take money out of things. We're looking to put more
money to work."
Full story at www.cnbc.com
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