Thursday, February 14, 2013

Warren Buffett buys Heinz; Omaha now wields terrifying power over nation's catsup suppliers;
Hunts also a captive; will Del Monte fall next?

Go Big Red!
If you're keeping this story to yourself, you're just damn selfish! Tell your friends via the Facebook, Google+, Reddit, Twitter, or email buttons at the bottom of this post.

Many naive observers think Warren Buffett's announced acquisition, today, of Heinz, was just the latest in a long line of synergistic corporate plays (Heinz makes catsup, catsup stains couches, Buffett also owns Nebraska Furniture Mart.)
     Few noticed the looming spectre of total Omaha catsup domination — as it happens, the #2 catsup brand, Hunts, is owned by Con Agra, headquartered in... you guessed it... Omaha.
     If you live in San Francisco, home of the #3 catsup, Del Monte, you should be very, very afraid.
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In other business news, two airlines, American and some other company, merged to create the world's largest future recipient of a government bailout, and Omaha stock broker TD Ameritrade, whose founder, Joseph Ricketts, just made the balloon payment on GOP yes-girl Deb Fischer's successful Nebraska Senate race, um where did this sentence begin? Oh, yeah, TD Ameritrade this month reached half a trillion dollars in total client assets.
     Pssst. Wanna have some fun? Run a Koch Bros.-backed candidate against Ricketts-backed Fischer next primary and watch Karl Rove go completely insane.

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