Warren Buffett invested in Heinz ketchup.
Resolved true The record shows it happened or was so.
Factual: Statements about the present or the past, checked against the record: did they hold up?
What would count as true or false
True: Warren Buffett, personally or through Berkshire Hathaway, held an investment in H.J. Heinz Company (maker of Heinz ketchup) or its successor at or before the date of the claim. Mostly true: the investment was in a closely related entity, such as Kraft Heinz rather than H.J. Heinz itself. False: Buffett and Berkshire never invested in Heinz.
Set before the research began.
Evidence (3)
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E1 Berkshire Hathaway and 3G Capital Complete Acquisition of H.J. Heinz Company H.J. Heinz Company (Kraft Heinz news site) · 7 June 2013
“H.J. Heinz Company (“Heinz”) today announced the completion of its previously announced acquisition by an investment consortium comprised of Berkshire Hathaway and an investment fund affiliated with 3G Capital.”
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E2 10-K - SEC.gov U.S. Securities and Exchange Commission (Berkshire Hathaway Inc. Form 10-K for fiscal year 2017)
“In June 2013, Berkshire invested $12.25 billion in a newly-formed company, H.J. Heinz Holding Corporation (“Heinz Holding”).”
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E3 Kraft shares soar on Heinz merger BBC · 25 March 2015
“3G and Berkshire Hathaway bought Heinz two years ago for $23bn and took the company private in 2013.”
Reasoning
E1 is H.J. Heinz Company's 2013 announcement that Berkshire Hathaway and a 3G Capital fund completed the acquisition of Heinz. Berkshire's FY2017 10-K (E2) says Berkshire invested $12.25 billion in H.J. Heinz Holding Corporation in June 2013. The BBC (E3) separately reports that 3G and Berkshire Hathaway bought Heinz in 2013. Berkshire held an investment in the ketchup maker well before the claim date of 2018-01-01, which meets the criteria for true.
Cite this claim
Marc Andreessen, “Warren Buffett invested in Heinz ketchup.” (said 1 January 2018). Verdict: resolved true. Reliability API, claim c_9a7f44b65b90, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_9a7f44b65b90
This claim is in dataset release v1.1.2, with the same verdict.
Reply to this claim
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