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Key Developments: Berkshire Hathaway Inc (BRKa.N)

BRKa.N on New York Stock Exchange

29 Apr 2016
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Latest Key Developments (Source: Significant Developments)

Berkshire Hathaway completes investment in Restaurant Brands International Inc
Friday, 12 Dec 2014 05:30pm EST 

Berkshire Hathaway:Says it acquires, through its wholly owned subsidiary National Indemnity Company (NICO), ownership and control of (a) 68,530,939 Class A 9.00 pct Cumulative Compounding Perpetual Preferred Shares in the capital of Restaurant Brands International Inc.And one warrant to purchase 8,438,225 common shares in the capital of the Corporation, at an exercise price of $0.01 per share.Acquisition of Securities was completed pursuant to the terms of a securities purchase agreement dated Aug. 26, 2014 between the Corporation and Berkshire, as amended.Berkshire assigned certain rights under Securities Purchase Agreement, including the right to acquire the Securities, to NICO.Securities were acquired in connection with the closing of the transaction that was initially announced on Aug. 26, 2014 by Tim Hortons Inc. and Burger King Worldwide, Inc.Securities were acquired for an aggregate purchase price of $3,000,000,000.  Full Article

Berkshire Hathaway Inc. acquires Charter Brokerage
Friday, 12 Dec 2014 05:00pm EST 

Berkshire Hathaway Inc:Says it is acquiring Charter Brokerage, a non-asset based third party logistics provider to the petroleum and chemical industries, from Arsenal Capital Partners.Morgan Stanley & Co. LLC served as financial advisor to Charter Brokerage.Kirkland & Ellis LLP provided legal advice to Charter Brokerage, and Munger, Tolles & Olson LLP provided legal advice to Berkshire Hathaway.  Full Article

Berkshire Hathaway Inc to acquire Duracell Battery business from Procter & Gamble
Thursday, 13 Nov 2014 07:30am EST 

Berkshire Hathaway Inc:Enters into definitive agreement with Procter and Gamble (P&G) whereby it will acquire the Duracell battery business from Procter & Gamble (P&G).Pursuant to the agreement, in exchange for a recapitalized Duracell Company, which will include about $1.7 bln in cash at closing, P&G will receive shares of P&G's common stock currently held by Berkshire Hathaway having current value of about $4.7 bln.The transaction is expected to close in the second half of 2015 and is subject to obtaining various regulatory approvals as well as certain other customary closing conditions.  Full Article

Fitch Affirms Ratings of Berkshire Hathaway Inc
Friday, 31 Oct 2014 04:00pm EDT 

Berkshire Hathaway Inc:Says Fitch Ratings has affirmed the AA- Issuer Default Rating (IDR) of Berkshire Hathaway Inc. and the AA+ Insurer Financial Strength (IFS) ratings on BRK's key insurance subsidiaries.Rating Outlook is Stable.  Full Article

Berkshire Hathaway Inc. to acquire Van Tuyl Group
Thursday, 2 Oct 2014 08:05am EDT 

Berkshire Hathaway Inc:Enters into a definitive agreement pursuant to which Berkshire Hathaway will acquire the Van Tuyl Group.Says the transaction is expected to be completed in the first quarter of 2015.Says Stephens Inc. is serving as financial advisor to Van Tuyl Group. DLA Piper is providing legal advice to Van Tuyl Group, and Munger, Tolles & Olson LLP is providing legal advice to Berkshire Hathaway.  Full Article


Buffett says Berkshire 'fine' with Trump or Clinton

OMAHA, Neb. Warren Buffett said on Saturday that Berkshire Hathaway Inc is poised to do well no matter who wins the White House in November, and the billionaire investor defended the performance and tactics of the conglomerate's several large investments. | Video

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