Bottles of Heinz ketchup are displayed at a grocery store in Palo Alto, Calif. PHOTO: Paul Sakuma, AP
WASHINGTON, DC (WUSA) -- That memorable 1979 Heinz commercial says anticipation keeps ketchup lovers waiting.
But not in the case of Warren Buffet.'
The billionaire businessman's company, Berkshire Hathaway, has teamed with an investment group to buy H.J. Heinz.
The deal is valued at $28 billion and the assumption of $4 billion in debt.
But first, the takeover has to be approved by Heinz shareholders.