Posted: Feb 14, 2013 11:11 AM by Associated Press
WASHINGTON (AP) - Secretary of State John Kerry's financial portfolio could grow by hundreds of thousands of dollars from today's $23 billion deal between billionaire Warren Buffett and a Brazilian-owned investment firm to buy out ketchup producer H.J. Heinz Co.
Kerry will divest dozens of holdings, but 2010 financial disclosure forms show at least $3 million in Heinz stock in family trusts benefiting his wife, Teresa Heinz Kerry. She retains those assets under an agreement approved by government ethics officials.
It's not clear whether the trusts sold off Heinz stock before the deal, but the buyout could earn them as much as $1 million, according to an Associated Press analysis.
Buffett's Berkshire Hathaway and 3G Capital will pay $72.50 a share for Heinz, which closed at $60.48 on Wednesday.
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at email@example.com, and include the name of the story and information on the comment.
Thank you! KSBY.com
Get deals up to 80% off here!
Find the lowest gas prices in your area
Submit your photos to KSBY
Check out our calendar of events
Watch Daybreak Web Videos in full
Save with Hot Deals across our counties!
Events across the Central Coast
Follow The CW5 on Facebook.
The KSBY online public file.
What do you think? Leave us your feedback.
KSBY is your official CA Lottery station for San Luis Obispo and Santa Barbara Counties