ACCIDENT & INJURY
LEAMINGTON 1-888-827-0731 HIGHWAY 3 BYPASS - LEAMINGTON
•Car Accident •Slip & Fall •Medical Malpractice
519-258-6490 TOM LECKIE www.southpointford.ca 1-888-827-0731
www.gregmonforton.com Volume 4, Issue 04
Wednesday, February 20, 2013
www.southpointsun.ca
FREE
Weekend Weather Thursday
H -1º L -10º Friday
H 1º L -8º
Saturday
H 5º L 2º
Sunday
H 2º L -5º
As reported from Environment Canada www.weatheroffice.gc.ca Harrow AAFC
family dental care dr. karen archer D.D.S.
Mon 8 am - 4:30 pm Tues 8 am - 6 pm Thurs 8 am - 6 pm Fri 8 am - 12:30 pm 57 Erie St. N. Leamington
Vine & Dine Mardi Gras style!
These three ladies were having fun - Mardi Gras style - at the 2nd annual Leamington and District Chamber of Commerce Vine & Dine held Wednesday, February 13 at the Leamington Roma Club. Pictured here, from left to right are Karen LeClair, Terri Davis-Fitzpatrick and Marie Grice. (SUN Photo)
519-326-3313
H.J. Heinz to be sold for $28 billion
www.leamington-dentist.com
A
K D! DON’T OR OUN W R E LET YOUR W EAR Y HARD-EARNED LL
DOLLARS GO THROUGH THE ROOF! Insulating your house is the #1 way to save money on heating and cooling costs
1964 Rd 3 East Kingsville
519-326-8551
(west of the new roundabout) Mon - Fri 7:30 - 5 , Sat 8 - 12 www.tmurrexteriors.com
Hump Day Special
1/2 Rack of Ribs
success is a testament to the power of investing behind strong brand equities and the strength of their management team and processes. We are very pleased to be a part of this partnership.” Alex Behring, Managing Partner at 3G Capital said, “We have great respect for the Heinz brands and the strong business that management and its employees operate around the world. We approached Heinz to explore how we might work together to expand the value of this storied brand. We fully recognize Heinz’s value and heritage and look forward to working together with Heinz’s employees, suppliers and customers as we invest in and support the company’s ongoing global growth efforts.” Understanding the need to preserve Heinz’s values, heritage and community connections, Berkshire Hathaway and 3G Capital have pledged to maintain Pittsburgh as its global headquarters, and to fulfill and continue its philanthropic support of community initiatives and related investments. The transaction is subject to approval by Heinz shareholders, receipt of regulatory approvals and other customary closing conditions, and is expected to close in the third (calendar) quarter of 2013. There was uncertainty and optimism locally as the news spread through the area. “I heard the announcment over my morning coffee on CNN... Wharren Buffet is an icon of how to invest; this could be really, really positive,” said Leamington Mayor John Paterson.
There’s other fish in the sea! GREAT Thursday Special
00 Pickerel $ Dinner
10
$
Leamington’s largest employer, H.J. Heinz Company announced on Thursday, February 14 that it has entered into a definitive merger agreement to be acquired by an investment consortium comprised of Berkshire Hathaway and 3G Capital. Under the terms of the agreement, which has been unanimously approved by Heinz’s Board of Directors, Heinz shareholders will receive $72.50 in cash for each share of common stock they own, in a transaction valued at $28 billion, including the assumption of Heinz’s outstanding debt. “The Heinz brand is one of the most respected brands in the global food industry and this historic transaction provides tremendous value to Heinz shareholders,” said Heinz Chairman, President and CEO William R. Johnson. “We look forward to partnering with Berkshire Hathaway and 3G Capital, both greatly respected investors, in what will be an exciting new chapter in the history of Heinz. With Heinz stock recently at an all-time high and 30 consecutive quarters of organic topline growth, Heinz is being acquired from a position of strength. As a private enterprise, Heinz will have an opportunity to drive further growth and advance our commitment to providing consumers across the globe with great tasting, nutritious and wholesome products,” added Johnson. Warren Buffett, Chairman and CEO of Berkshire Hathaway said, “Heinz has strong, sustainable growth potential based on high quality standards, continuous innovation, excellent management and great tasting products. Their global
Every Wednesday
OPEN TUES - SUN AT 4 PM
12
00
VALUE!
Includes potato, slaw, beans & roll
Wings
5
$ 00 lb
17 Robson Rd., Leamington 519-322-5940
ice Sales and Serv
519-326-1156
LEAMINGTON’S ONLY FULL SERVICE RV DEALER
New Models Arriving Daily!
www.sturgeonwoodsrv.com “Stop by for a visit!”