Money and Finance
- Links
Warren Buffett on CNBC.... Links to videos: Warren Buffett: When stocks go down it's good news Warren Buffett: Negative effects of low oil Warren Buffett: Expected rails to do better Warren Buffett: Earning power our annual goal Distracted driver...
- Warren Buffett On Cnbc As Berkshire Agrees To Buy Van Tuyl Group
Links to videos: Berkshire to buy Van Tuyl Group: Buffett It only takes one conversation with Buffett... Outlook on car sales promising Allianz CEO steps down Buffett buying stocks and businesses Coca-Cola's new pay plan makes great sense: Buffett...
- Burger King In Talks To Buy Tim Hortons In Canada Tax Deal
Link to article: Burger King in Talks to Buy Tim Hortons in Canada Tax Deal Burger King Worldwide Inc. is in talks to buy Canadian coffee-and-doughnut chain Tim Hortons Inc., a deal that would be structured as a so-called tax inversion and...
- The Brazilian Billionaire Who Controls Your Beer, Your Condiments, And Your Whopper
Found via the Corner of Berkshire & Fairfax. After they sold H.J. Heinz to Warren Buffett and a bunch of Brazilians in June, the ketchup manufacturer’s outgoing board of directors met for dinner at Pittsburgh’s Duquesne Club to congratulate themselves...
- Wsj: In Year Of Investing Dangerously, Buffett Looked 'into The Abyss'
Warren Buffett believes his best deals during the economy's biggest belly flop since the Crash of 1929 may well turn out to be the ones he didn't do. Mr. Buffett slammed the door on one opportunity after another during the most harrowing stretch...
Money and Finance
Buffett’s Kind of Deal
It is by now almost trite to say that there are deals and then there are Buffett deals. And the $23 billion acquisition of H.J. Heinz is certainly a Buffett deal.
Warren E. Buffett is known for picking public targets, setting his price and the targets agreeing without much bargaining to be acquired. If you need examples, look at Berkshire Hathaway’s big acquisitions of Burlington Northern, Lubrizoil and Wrigley’s. In those deals, once Mr. Buffett showed up, the companies appeared to lose interest in finding any other bidders.
We don’t know the full story of what Heinz, a legendary consumer products company, did to find other suitors or to make sure shareholders were getting a full price. We will learn more once the proxy statement for the deal is filed. But this is an unusual deal already even at the beginning. For evidence, you need look no further than the agreement for the deal filed on Friday morning.
- Links
Warren Buffett on CNBC.... Links to videos: Warren Buffett: When stocks go down it's good news Warren Buffett: Negative effects of low oil Warren Buffett: Expected rails to do better Warren Buffett: Earning power our annual goal Distracted driver...
- Warren Buffett On Cnbc As Berkshire Agrees To Buy Van Tuyl Group
Links to videos: Berkshire to buy Van Tuyl Group: Buffett It only takes one conversation with Buffett... Outlook on car sales promising Allianz CEO steps down Buffett buying stocks and businesses Coca-Cola's new pay plan makes great sense: Buffett...
- Burger King In Talks To Buy Tim Hortons In Canada Tax Deal
Link to article: Burger King in Talks to Buy Tim Hortons in Canada Tax Deal Burger King Worldwide Inc. is in talks to buy Canadian coffee-and-doughnut chain Tim Hortons Inc., a deal that would be structured as a so-called tax inversion and...
- The Brazilian Billionaire Who Controls Your Beer, Your Condiments, And Your Whopper
Found via the Corner of Berkshire & Fairfax. After they sold H.J. Heinz to Warren Buffett and a bunch of Brazilians in June, the ketchup manufacturer’s outgoing board of directors met for dinner at Pittsburgh’s Duquesne Club to congratulate themselves...
- Wsj: In Year Of Investing Dangerously, Buffett Looked 'into The Abyss'
Warren Buffett believes his best deals during the economy's biggest belly flop since the Crash of 1929 may well turn out to be the ones he didn't do. Mr. Buffett slammed the door on one opportunity after another during the most harrowing stretch...