Billionaire Warren Buffett and company 3G Capital bought Heinz ketchup manufacturer for $ 28 billion, the newspaper Financial Times says.

The transaction was approved by the Board of Directors of Heinz.

As said in the statement, the shareholders will receive $ 72.50 per share from the Buffett's company Berkshire Hathaway and 3G. This is 20% more than the value of shares at the close on Wednesday.

(Reuters) - British engineering firm Bodycote said it bought Curtiss-Wright Corp's heat treatment business for $52 million (32.55 million pounds) to expand its customer base in the U.S. aerospace industry.