H.J. Heinz Company Shareholders Overwhelmingly Approve Acquisition by Berkshire Hathaway and 3G Capital
30 Abril 2013 - 10:49AM
Business Wire
H.J. Heinz Company (NYSE: HNZ) (“Heinz”) shareholders voted
today to approve and adopt the previously announced merger
agreement providing for the acquisition of Heinz by an investment
consortium comprised of Berkshire Hathaway and an investment fund
affiliated with 3G Capital. Heinz shareholders overwhelmingly
approved the deal, with approximately 95 percent of the votes cast
at today’s special meeting voting in favor of the merger agreement,
representing approximately 60 percent of Heinz’s outstanding common
stock as of March 18, 2013, the record date for the special
meeting.
“The Board and I want to thank our shareholders for approving
this historic merger agreement,” said William R. Johnson, Heinz
Chairman, President and CEO. “When this transaction was announced
on February 14, I said that it would provide tremendous value to
Heinz shareholders. With today’s convincing vote, Heinz
shareholders have confirmed their support for this extraordinary
transaction and its record valuation of Heinz.”
The transaction remains subject to certain customary closing
conditions, including receipt of certain remaining regulatory
approvals, and is expected to close late in the second calendar
quarter of 2013 or in the third calendar quarter of 2013. Heinz has
received antitrust clearance in the United States, Brazil, India,
South Korea, Japan, Israel, Mexico, South Africa and Ukraine. The
Company is waiting for antitrust clearance in China, the European
Union and Russia. Additionally, Heinz has filed for other
regulatory approvals in New Zealand, Ireland and Russia.
At the closing of the transaction, Heinz shareholders will
receive $72.50 in cash for each share of common stock they own, in
a transaction valued at $28 billion, including the assumption of
Heinz’s outstanding debt.
Cautionary Statement Regarding Forward-Looking Statements
This document and Heinz’s other public pronouncements contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are generally identified by the words “will,” “expects,”
“anticipates,” “believes,” “estimates” or similar expressions and
include Heinz’s expectations as to future revenue growth, earnings,
capital expenditures and other spending, dividend policy, and
planned credit rating, as well as anticipated reductions in
spending. These forward-looking statements reflect management’s
view of future events and financial performance. These statements
are subject to risks, uncertainties, assumptions and other
important factors, many of which may be beyond Heinz’s control, and
could cause actual results to differ materially from those
expressed or implied in these forward-looking statements. Factors
that could cause actual results to differ from such statements
include, but are not limited to:
- the occurrence of any event, change or
other circumstances that could give rise to the termination of the
merger agreement,
- the failure to receive, on a timely
basis or otherwise, the required approvals from government or
regulatory agencies,
- the risk that a closing condition to
the proposed merger may not be satisfied,
- the failure to obtain the necessary
financing in connection with the proposed merger,
- the ability of Heinz to retain and hire
key personnel and maintain relationship with customers, suppliers
and other business partners pending the consummation of the
proposed merger, and
- other factors described in “Risk
Factors” and “Cautionary Statement Relevant to Forward-Looking
Information” in Heinz’s Annual Report on Form 10-K for the fiscal
year ended April 29, 2012 and reports on Forms 10-Q
thereafter.
The forward-looking statements are and will be based on
management’s then current views and assumptions regarding future
events and speak only as of their dates. Heinz undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by the securities laws.
About Heinz
H.J. Heinz Company, offering “Good Food Every Day”™ is one of
the world’s leading marketers and producers of healthy, convenient
and affordable foods specializing in ketchup, sauces, meals, soups,
snacks and infant nutrition. Heinz provides superior quality, taste
and nutrition for all eating occasions whether in the home,
restaurants, the office or “on-the-go.” Heinz is a global family of
leading branded products, including Heinz® Ketchup, sauces, soups,
beans, pasta and infant foods (representing over one third of
Heinz’s total sales), Ore-Ida® potato products, Weight Watchers®
Smart Ones® entrées, T.G.I. Friday’s® snacks, and Plasmon infant
nutrition. Heinz is famous for its iconic brands on six continents,
showcased by Heinz® Ketchup, The World’s Favorite Ketchup®.
Heinz H J (NYSE:HNZ)
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