HJ Heinz could undertake IPO in coming years - Newswire Round-up
Warren Buffett, chief executive officer of Berkshire Hathaway, said today on CNBC he intends to hold onto HJ Heinz Co stock, but an initial public offering might take place in a few years, according to a newswire report.
In an interview on CNBC, Buffett said that he and 3G Capital Management would remain equal partners, even if he started to purchase some 3G shares and the distribution of shares were to shift, the Dow Jones article reported. Berkshire Hathaway and 3G Capital Management purchased Heinz in 2013.
In February 2013, an unnamed source told this news service that Buffett’s preferred shares in the company buyout give him the option to tip the company toward a public listing in eight years.
Source Newswire Round-up, CNBC, previously reported intelligence