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Legg Mason affiliate to profit from Warren Buffett-led acquisition of Heinz VIDEO
Legg Mason’s ClearBridge Investments affiliate stands to profit from Berkshire Hathaway and 3G Capital’s $23 billion deal to buy H.J. Heinz Co.
ClearBridge Investments is one of Heinz’s (NYSE: HNZ) biggest institutional shareholders. It owns more than 4.6 million Heinz shares, according to an SEC filing. The shares increased in value by $56.1 million on Warren Buffett-led Berkshire Hathaway and 3G’s deal to buy the Pittsburgh catsup giant.
Berkshire Hathaway (NYSE: BRK) and 3G are paying…
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