On Tuesday, Berkshire Hathaway Inc. (NYSE:BRK.B)’s shares declined -0.65% to $141.39.
H.J. Heinz Co said that Warren Buffett’s Berkshire Hathaway Inc has become its majority shareholder by exercising a warrant ahead of the ketchup maker’s planned merger with Kraft Foods Group Inc .
In a regulatory filing, Heinz said Berkshire exercised a warrant to acquire about 46.2 million shares for nearly $462,000 this week.
Heinz said the shares represent about 5.4 percent of its outstanding common stock, and that their issuance gives Berkshire a 52.5 percent overall stake.
The warrant was issued in connection with Heinz’s $23 billion acquisition by Berkshire and Brazilian private equity firm 3G Capital in 2013.
Shareholders of Kraft are planned to vote on July 1 on the Heinz merger, which would create one of the world’s largest food and beverage companies.
Heinz owners would get a 51 percent stake in the combined company, which would be known as Kraft Heinz Co.
Berkshire would own about 27 percent of the combined company, but 3G would oversee day-to-day operations.
Berkshire Hathaway, Inc. is a publicly owned investment manager. Through its auxiliaries, the firm primarily engages in the insurance and reinsurance of property and casualty risks business. Berkshire Hathaway was founded in 1889 and is based in Omaha, Nebraska.
Capital One Financial Corp. (NYSE:COF)’s shares dropped -0.45% to $81.28.
Capital One Financial Corporation (COF) declared a quarterly dividend of $0.40 per share payable August 20, 2015 to stockholders of record as of August 10, 2015. The company has declared dividends on its common stock every quarter since it became an independent company on February 28, 1995. Dividends declared by the company are eligible for direct reinvestment in the company’s common stock under its Dividend Reinvestment and Stock Purchase Plan. For additional Plan information, stockholders should contact Computershare Trust Company, N.A., at 1-888-985-2057 (inside the U.S. and Canada) or 1-781-575-2725 (outside the U.S. and Canada).
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association (COBNA); and Capital One, National Association (CONA), which provide various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking. The company offers various non-interest bearing and interest-bearing deposits, such as demand deposits, money market deposits, time deposits, negotiable order of withdrawal accounts, and savings accounts .
At the end of Tuesday’s trade, Anadarko Petroleum Corporation (NYSE:APC)‘s shares surged 0.17% to $76.67.
The Board of Directors of Anadarko Petroleum Corporation (APC) declared a quarterly cash dividend on the company’s common stock of 27 cents per share, payable Sept. 23, 2015, to stockholders of record at the close of business on Sept. 9, 2015.
Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Oil and Gas Exploration and Production; Midstream; and Marketing. The Oil and Gas Exploration and Production segment explores for and produces natural gas, oil, condensate, and natural gas liquids (NGLs). The Midstream segment provides gathering, processing, treating, and transportation services to Anadarko and third-party oil, natural-gas, and NGLs producers, in addition to owns and operates gathering, processing, treating, and transportation systems in the United States.
Franklin Resources, Inc. (NYSE:BEN), ended its Tuesday’s trading session with 0.30% gain, and closed at $43.89.
Franklin Resources, Inc. (NYSE: BEN) declared that James Macey, CFA1, has joined the Franklin Templeton Solutions team in a new role as a senior vice president and portfolio manager with a focus on retirement solutions.
Macey has been named a co-lead portfolio manager for the US retail Franklin Allocation Funds and Franklin LifeSmart Retirement Target Funds. He joins current co-lead managers Tom Nelson, CFA1, senior vice president, director of investment solutions, and Tony Coffey, CFA1, senior vice president, on the administration team for these funds.
Franklin Resources, Inc. is a publicly owned asset administration holding company. Through its auxiliaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its auxiliaries.
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