Davis Polk is advising H. J. Heinz Company on its $28 billion acquisition by an investment consortium consisting of Berkshire Hathaway and 3G Capital, the largest transaction ever in the food industry. The transaction, which is expected to close in the third quarter of 2013, is subject to approval by Heinz’s shareholders, receipt of regulatory approvals and other customary closing conditions.

H. J. Heinz Company is one of the world’s leading marketers and producers of healthy, convenient and affordable foods specializing in ketchup, sauces, meals, soups, snacks and infant nutrition. Berkshire Hathaway, led by investor Warren Buffett, owns and invests in leading businesses across a variety of industries, including numerous iconic brands. 3G Capital is a global investment firm focused on long-term value creation, with a particular emphasis on building and expanding great brands and businesses.

The Davis Polk corporate team includes partners Arthur F. Golden, John A. Bick and Michael Davis and associate Lee Hochbaum. Partner Kyoko Takahashi Lin is providing employee benefits advice. Partner Kathleen L. Ferrell is providing tax advice. Partners James A. Florack and Michael Kaplan and associate Sophia Hudson are providing financing advice. Partner Ronan P. Harty is providing antitrust and competition advice. All members of the Davis Polk team are based in the New York office.

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