If Warren Buffett and Brazilian investment group 3G Capital back away from their proposed $23 billion acquisition of H.J. Heinz Co., they'll have to pay up.The reverse break-up fee - the amount that Buffett and 3G will have to pay Heinz if they can't close the deal - totals $1.4 billion, according to a regulatory filing on Friday.Buffett's Berkshire Hathaway and 3G would each pay 50 percent of the fee, the documents said. The fee is roughly 5 percent of the deal value, which includes $5 billion in debt. That's largely in line with historical averages.J.P. Morgan Chase & Co and Wells Fargo & Co committed to $14.1 billion in debt financing, according to the filing.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-A traded higher by 0.42% or $623.0/share to $149863.00. In the past year, the shares have traded as low as $117301.00 and as high as $149804.00. On average, 73114 shares of BRK-A exchange hands on a given day and today's volume is recorded at 63.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-B traded higher by 0.18% or $0.18/share to $99.39. In the past year, the shares have traded as low as $78.18 and as high as $99.31. On average, 4470920 shares of BRK-B exchange hands on a given day and today's volume is recorded at 1707228.
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