The following video is from Thursday's MarketFoolery podcast, in which host Chris Hill, along with analysts Andy Cross and Jason Moser, discuss the top business and investing stories of the day.
Berkshire-Hathaway (NYSE:BRK-B) and 3C Capital are buying H.J. Heinz (UNKNOWN:UNKNOWN) for $23.2 billion in cash. Warren Buffett paid a 20% premium for the shares, which were at an all-time high. What does the deal mean for investors? In this installment of MarketFoolery, our analysts discuss Buffett's big buy.
The relevant video segment can be found between 0:45 and 8:04
Andy Cross owns shares of Berkshire Hathaway. Chris Hill has no position in any stocks mentioned. Jason Moser owns shares of Berkshire Hathaway. The Motley Fool recommends Berkshire Hathaway and H.J. Heinz Company. The Motley Fool owns shares of Berkshire Hathaway. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.