URGENT ¥¥¥ Berkshire buys ketchup maker Heinz in $28bn deal

Warren Buffett's investment powerhouse Berkshire Hathaway and 3G Capital announced Thursday that they would take over venerable US ketchup maker Heinz in a deal valuing the company at $28 billion.

The two will pay HJ Heinz shareholders $72.50 per share in cash, a 20 percent premium on Heinz's Wednesday closing price.