Throughout December 2012, Jorge Paulo Lemann, a co-founder and companion at 3G, proposed to Warren Buffett that 3G and Berkshire Hathaway receive H. J. Heinz Business. Lemann and Buffett, who had recognised one another For many years, jointly resolved that the Heinz turnaround had been thriving and that there was major prospective for continued world growth. 3G educated Heinz CEO William Johnson that it and Berkshire Hathaway had been serious about jointly buying his corporation. Johnson then introduced the investors' offer of $70 for every share of outstanding widespread inventory on the Heinz board. Following Considerably discussion, the Heinz board and its advisors educated 3G that without greater financial conditions they would not continue on to discuss the possibility of an acquisition.
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