Ketchup and ZIRP: Perfect Together

Berkshire Hathaway (BRK.A, BRK.B) and Brazilian private-equity firm 3G Capital announced Thursday morning that they would buy H.J. Heinz (HNZ) for $72.50 per share. Clearly, the deal wasn't tipped off in advance as HNZ shares were down Wednesday and had gone nowhere in trading just ahead of the deal.

Berkshire and 3G will each put up $4 billion in cash and Berkshire will purchase $8 billion in newly issued 9% coupon preferred stock. The rest of the $23 billion purchase price (minus debt) will be financed with straight debt issuance....389 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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