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In the course of December 2012, Jorge Paulo Lemann, a co-founder and husband or wife at 3G, proposed to Warren Buffett that 3G and Berkshire Hathaway receive H. J. Heinz Firm. Lemann and Buffett, who had identified one another For several years, jointly resolved the Heinz turnaround were thriving Which there was major prospective for continued global development. 3G knowledgeable Heinz CEO William Johnson that it and Berkshire Hathaway ended up keen on jointly attaining his company. Johnson then offered the buyers' present of $70 for every share of superb prevalent inventory for the Heinz board. Following Significantly discussion, the Heinz board and its advisors informed 3G that devoid of improved financial conditions they might not proceed to discuss the potential for an acquisition.

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