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All through December 2012, Jorge Paulo Lemann, a co-founder and partner at 3G, proposed to Warren Buffett that 3G and Berkshire Hathaway acquire H. J. Heinz Organization. Lemann and Buffett, who had acknowledged each other For a long time, jointly made the decision that the Heinz turnaround had been successful and that there was considerable potential for continued global progress. 3G knowledgeable Heinz CEO William Johnson that it and Berkshire Hathaway had been considering jointly buying his business. Johnson then offered the traders' offer you of $70 for each share of outstanding prevalent inventory towards the Heinz board. Soon after Significantly dialogue, the Heinz board and its advisors informed 3G that with no superior fiscal conditions they'd not continue on to debate the potential for an acquisition.
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