The following video is from Thursday's Investor Beat, in which host Chris Hill, and analysts Andy Cross and Jason Moser, dissect the hardest-hitting investing stories of the day.
Berkshire Hathaway (NYSE:BRK-B) and 3G Capital are teaming up to buy the H.J. Heinz Company (UNKNOWN:HNZ.DL) for $23.2 B in cash. The buyout is 19% more than Heinz's all-time high share price. Is Warren Buffett paying too much for the iconic brand? What does the deal mean for investors?
The relevant video segment can be found between 0:34 and 2:24.
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.