Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, February 15, 2013

Article Excerpt

H.J. HEINZ CO., $72.28, New York symbol HNZ, jumped 19% this week after the company agreed to a friendly takeover from a consortium led by Berkshire Hathaway Inc. (New York symbol BRK.B), the holding company controlled by billionaire investor Warren Buffett. Heinz shareholders will receive $72.50 a share when the deal closes in the third quarter of 2013. The stock is trading slightly below that price, which indicates that investors do not expect a higher bid. Heinz is now a hold. Please make sure you are logged in to your account to access these articles. Click here if you’ve lost your password. Heinz was recently covered in the Wall Street Stock Forecaster Hotline for November 23, 2012. Click here to access it. Heinz was recently covered in the October 2012 issue of Wall Street Stock Forecaster. Click here to access it. CAMPBELL SOUP CO., $39.40, New York symbol CPB, gained 4% this week in response to the Heinz takeover (see above). That’s mainly because the companies make…