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Throughout December 2012, Jorge Paulo Lemann, a co-founder and partner at 3G, proposed to Warren Buffett that 3G and Berkshire Hathaway receive H. J. Heinz Firm. Lemann and Buffett, who had regarded each other For several years, jointly made a decision which the Heinz turnaround had been effective Which there was substantial probable for ongoing world development. 3G informed Heinz CEO William Johnson that it and Berkshire Hathaway were enthusiastic about jointly attaining his company. Johnson then offered the investors' offer you of $70 per share of remarkable prevalent stock into the Heinz board. After Considerably dialogue, the Heinz board and its advisors informed 3G that devoid of greater economical terms they might not go on to discuss the potential for an acquisition.

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