Posts tagged '3G Capital'

The GS Bank IC Buy Open List Options GS & Co c/o Zurich Office account mystery

Paul Murphy is the founding editor of FT Alphaville.

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| Feb 16 11:58 | Comment |

There’s been a fierce and fascinating response from the SEC to evidence of clairvoyant dealings in Heinz ahead of news of the Buffett/3G Capital takeover offer. The statement is here and the full SEC complaint is here.

Following reports of unusual activity in Heinz call options on Nasdaq on Wednesday – the day before the Heinz news broke — the SEC has obtained an emergency order freezing assets in a Zurich, Switzerland-based trading account which it reckons benefited to the tune of $1.7m from the Buffett/3G bid. Read more

Burger King approves 3G’s bid

| Sep 03 2010 04:54 | Comment |

Burger King is set to be taken private for the second time in its history, after the board of the US fast-food chain accepted a $3.25bn bid from 3G Capital, a US investment group backed by Brazilian investors, reports the FT. 3G Capital won the Burger King board’s unanimous approval for its $24-per- share cash takeover bid, valuing the company at $4bn including $750m of assumed debt. JPMorgan and BarCap are providing debt for the deal. Lex notes that for the buy-out industry, “flipping businesses is more profitable than flipping burgers”, while DealJournal wonders what Brazilians “want with the Whopper”, Read more

Burger King in talks with hedge fund

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| Sep 01 2010 22:20 | Comment |

Burger King is in talks with 3G Capital, a little-known investment fund, about a deal that could see the US burger chain return to private ownership for the second time in a decade, reports the FT. According to people familiar with the matter, an agreement could be reached within days, although they warned that as the details are yet to be finalised the talks could still collapse. 3G is a hedge fund group, whose biggest investors are wealthy individuals in Brazil, said one person familiar with the fund. Read more

CSX proxy clash gets pixelated

Paul Murphy is the founding editor of FT Alphaville.

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| Jun 06 2008 09:00 | Comment |

Save the date: June 9, 11.00 EDT.

Special Forum: Proxy Contest at CSX Corporation Read more