CDS On Heinz Widen Sharply

14 Feb 2013

Five-year credit default swap spreads on HJ Heinz widened 106.5 basis points to 148 bps after the announcement that Berkshire Hathaway and 3G Capital have agreed to acquire the Pittsburgh-based company for an estimated USD23 billion.

Five-year credit default swap spreads on HJ Heinz widened 106.5 basis points to 148 bps after the announcement that Berkshire Hathaway and 3G Capital have agreed to acquire the Pittsburgh-based company for an estimated USD23 billion.

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