Top Stories
Top Stories
Business News

Berkshire Hathaway becomes Heinz's majority shareholder

Shareholder's visit the Heinz display that the 2015 Berkshire Hathaway Annual Shareholder's Meeting in Omaha, Nebraska on May 2, 2015.
Lacy O'Toole | CNBC

H.J. Heinz said Berkshire Hathaway bought an additional 5.4 percent stake in the company, making the Warren Buffet-owned firm the majority shareholder in the ketchup company.

Berkshire Hathaway exercised a warrant to purchase about 46.2 million Heinz shares for nearly $462,000 on Wednesday, Heinz said in a regulatory filing on Thursday.

The warrant was issued in connection with Heinz's $23 billion acquisition by Brazilian private equity firm 3G Capital and Berkshire Hathaway in 2013.

Berkshire now owns 52.5 percent of Heinz, the company said.