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How "Minuteman" Warren Buffett is Leading America's New "War of Independence"

In our Aug. 11 Private Briefing report What Does This “Mysterious Signal” Tell Us About CB&I? we said we suspected that super-investor Warren Buffett would use the sell-off in Chicago Bridge & Iron NV (NYSE: CBI) to boost his stake in the this Netherlands-based infrastructure specialist.

And that’s just what happened…

  • Featured Story

    Let's Make a Deal: Buffett Teams Up to Buy Heinz for $28 Billion

    Food ketchup

    Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) and private equity firm 3G Capital will buy iconic ketchup maker H.J Heinz Co. (NYSE: HNZ) for $28 billion, the largest deal ever in the food industry.

    This transaction follows a string of deals including Comcast Corp. (Nasdaq: CMCSA) taking full control of NBC

    Universal from General Electric Co. (NYSE: GE), Dell Inc. (Nasdaq: DELL) going private, and American Airlines and U.S. Airways Group Inc. (NYSE: LCC) merging to form the world's largest airline.

    The Heinz deal values the Pittsburgh, PA-based company at $72.50 a share, a 20% premium to its all-time price. Berkshire will spend about $12 to $13 billion on the deal, according to Buffett.

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  • heinz products