Berkshire Meeting: Buffett on Unilever Bid

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The next question yields the news that Berkshire and private-equity firm 3G were each going to pitch in $15 billion to help Kraft Heinz acquire Unilver. Each company owns about a quarter of Kraft Heinz. Berkshire's participation was contingent on the deal being a friendly offer, Mr. Buffett says.

That deal fell through shortly after news of the proposal became public in February when Unilever rebuffed the approach.

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(END) Dow Jones Newswires

May 06, 2017 12:30 ET (16:30 GMT)