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:HNZ.DL) 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