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Week in Review: Heinz, US Airways, and Comcast

Happy Presidents’ Day! So, Heinz? That was unexpected. Between that buyout, the Dell deal, the expected American and US Airways merger, and Anheuser-Busch InBev’s revised deal with Grupo Modelo, 2013 is certainly shaping up to be a year of mega-deals. But, it remains to be seen if the prolific mega-deal activity will carry out through the entire M&A industry.

Buffett and Brazilian Investor to Buy Heinz: Early on Thursday morning, it was announced that Warren Buffet and Brazil’s 3G Capital would buy Heinz for $23 billion. Does this mean Buffett doesn’t hate private equity anymore?

American and US Airways Announce Deal for $11 Billion Merger: After nearly a year of talks, American Airlines has agreed to merge with US Airways. If successful, the merger — valued at $11 billion — could further the oligarchic nature of the airline industry.

Virgin Media Board Sued Over Liberty Global Sale: Looks like Dell isn’t the only company with unhappy shareholders. Last week, Virgin’s CEO Neil Berkett was sued by a shareholder for the company’s sale to Liberty Global.

Comcast to Buy Rest of GE’s Stake in NBCUniversal: Comcast announced on Tuesday that it would be buying General Electric’s 49% stake in NBCUniversal for just under $17 billion.

Anheuser-Busch InBev Revises Grupo Modelo Deal: Anheuser-Busch InBev seems anxious to join the 2013 mega-deal club. After their initial takeover offer for Grupo Model was rejected by antitrust authorities, a revised deal was proposed last week.

Commentary:

M&A Making a Comeback: Many are seeing the mega-deal frenzy as a sign that 2013 will be a strong year for M&A. Wilbur Ross seems to think so as well. But can boards and investors shake off the uncertainty that plagued 2012?

Inside the Private Equity-Entrepreneur Relationship: According to Clive Kahn, CEO of CardSave, there are five stages to any private equity-entrepreneur relationship: courtship, marriage, honeymoon, midlife crisis, and separation (either amenable or acrimonious).

Private Equity’s Next Political Candidate: Forget Romney. The new private equity-groomed politician is Advent International’s Gabriel Gomez. Gomez declared his candidacy for the Massachusetts Senate on Thursday.

And, although it’s not M&A related, this was pretty interesting: meteorite fragments hit Russia.

Thanks to Leonid Mamchenkov for the photo. 

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