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Reports: Buffett, Lemann buy H.J. Heinz; Buffett investment group increases Costco holding
NEW YORK — The investment groups of billionaires Warren Buffett and Jorge Paulo Lemann will buy H.J. Heinz for about $23 billion, according to published reports.
Bloomberg reported that Buffett's Berkshire Hathaway and Lemann's 3G Capital would buy the condiment maker for $72.50 per share, and the deal includes $12 billion to $13 billion from Buffett's group. Heinz also owns the Ore-Ida potato chip brand.
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Meijer to build six new stores, remodel five in 2013
GRAND RAPIDS, Mich. - Meijer plans to invest more than $160 million to build six new stores and remodel five in 2013, the mass merchandise retailer announced Wednesday.
The company said the new stores will be in Swartz Creek, Mich.; Detroit; Portage, Ind.; Warsaw, Ind.; Danville, Ill.; and Evergreen Park, Ill. The remodel projects include stores in Lansing, Taylor, Flint and Grand Rapids, Mich., and Springfield, Ill. The company currently operates 199 supercenters and grocery stores in Michigan, Ohio, Indiana, Illinois and Kentucky.