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FEB 25, 2013 - TheStreet

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Buffett's Buyout Business Is a Risk for Wells Fargo

NEW YORK (TheStreet) -- Wells Fargo struck Wall Street gold when it won a key advisory and financing mandate on Berkshire Hathaway and 3G Capital's $28 billion acquisition of ketchup maker Heinz. While Wells Fargo's advisory work on the buyout and a key role in underwriting the $14.1 billion in debt needed to finance the deal could indicate the benefits of having Berkshire and its head, Warren Buffett, as a top shareholder, it also creates new risks, according to ratings agency Moody's. Moody's on Monday said Wells Fargo's role in the takeover of Heinz indicates the increasing presence ... Read More

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