Buffett does $11.6 bln mini-me deal because he can - johnsfoley -
Berkshire Hathaway on March 21 said it had agreed to buy insurance conglomerate Alleghany for $848.02 a share, equivalent to $11.6 billion.
Warren Buffett, Berkshire Hathaway’s chairman and chief executive officer, said he had “closely observed” Alleghany for 60 years. Alleghany Chief Executive Joe Brandon previously ran General Re, a Berkshire Hathaway subsidiary. Alleghany owns reinsurer Transatlantic, or TransRe, and commercial insurer RSUI. The group reported an 8.3% increase in book value over 2021, and earnings of more than $1 billion for the first time in its history.Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. May 6, 2018.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Warren Buffett's Berkshire Hathaway to buy Alleghany for $11.6BWarren Buffett’s Berkshire Hathaway is buying insurance company Alleghany Corporation for $11.6 billion, or $848.02 per share in case, the company announced on Monday.
Les mer »
Barrick agrees deal with Pakistan to waive $11 billion penalty and restart Reko DiqAn $11 billion penalty against Pakistan will be waived under a deal with Barrick Gold to restart the Reko Diq gold and copper mining project, Pakistan's Finance Minister Shaukat Tarin said on Friday.
Les mer »
Breakingviews - Buffett does $11.6 bln mini-me deal because he canWarren Buffett’s first big acquisition in two years couldn’t be more Buffett. Berkshire Hathaway , the $750 billion insurance conglomerate he runs, agreed on Monday
Les mer »
Buffett ends drought with $11.6 bln Alleghany purchaseWarren Buffett's Berkshire Hathaway Inc on Monday struck an agreement to buy insurance company Alleghany Corp for $11.6 billion, only weeks after the 91-year-old billionaire bemoaned a lack of good investment opportunities.
Les mer »
Warren Buffett's Berkshire Hathaway to buy Alleghany for $11.6BWarren Buffett’s Berkshire Hathaway is buying insurance company Alleghany Corporation for $11.6 billion, or $848.02 per share in case, the company announced on Monday.
Les mer »
The Miss Dior Pop-up Arrives in Los AngelesFollowing stops in Japan, France and New York, the luxury French house unveils a pop-up with a mini exhibition Monday through Sunday in celebration of its latest fragrance, out last summer.
Les mer »