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Berkshire Hathaway Inc (BRKb.N)

BRKb.N on New York Stock Exchange

170.22USD
29 Jun 2017
Change (% chg)

$0.33 (+0.19%)
Prev Close
$169.89
Open
$171.00
Day's High
$171.04
Day's Low
$169.89
Volume
116,950
Avg. Vol
1,215,781
52-wk High
$177.86
52-wk Low
$139.91

Latest Key Developments (Source: Significant Developments)

Home capital announces receipt of tsx conditional listing approval for initial equity investment by Berkshire Hathaway
6:35am EDT 

June 29 (Reuters) - Home Capital Group Inc :Home Capital announces receipt of TSX conditional listing approval for initial equity investment by Berkshire Hathaway.Home Capital announces receipt of TSX conditional listing approval for initial equity investment by Berkshire Hathaway.Parties are now able to proceed with transaction, subject to satisfaction of remaining customary closing conditions.  Full Article

Store Capital says ‍intends to use proceeds from national indemnity co offering to repay indebtedness‍​
Monday, 26 Jun 2017 07:22am EDT 

June 26 (Reuters) - Berkshire Hathaway Inc :Store Capital - ‍intends to use proceeds from national indemnity co offering to repay indebtedness, fund property acquisitions in course of business​ ‍​.  Full Article

Store Capital announces investment from Berkshire Hathaway
Monday, 26 Jun 2017 06:45am EDT 

June 26 (Reuters) - Store Capital Corp :Store Capital announces investment from Berkshire Hathaway.Store Capital Corp - Investment represents 9.8% ownership stake.Store Capital Corp - Berkshire Hathaway has invested $377 million in company, representing 9.8% of total shares outstanding.Store Capital- Co issued 18.6 million shares of co stock in a private placement to a wholly owned subsidiary of Berkshire Hathaway at a price of $20.25 per share.  Full Article

Berkshire Hathaway announces agreement to invest in Home Capital
Thursday, 22 Jun 2017 09:00am EDT 

June 22 (Reuters) - Berkshire Hathaway Inc :Berkshire hathaway announces agreement to invest in home capital.Berkshire hathaway - ‍columbia insurance company to make initial investment of c$153.2 million to acquire 16 million shares of home capital group on private placement basis​.Berkshire hathaway inc - berkshire will not be granted any rights to nominate directors of home capital.Berkshire hathaway - columbia insurance co also agreed to make additional investment of c$246.8 million to buy about 24 million common shares of home capital.Berkshire hathaway - concurrently with execution of investment agreement, home capital agreed to enter into new c$2 billion loan facility with wholly-owned subsidiary of berkshire.Berkshire hathaway says new credit agreement will replace c$2 billion loan facility made as of may 1, between home trust co, and major institutional investor.Berkshire hathaway - columbia insurance co's new investment along with its initial investment, would represent about 38.39% equity stake in home capital.Berkshire hathaway - for as long as it owns more than 25% of outstanding shares it will be entitled to vote shares representing 25% of outstanding shares​.Berkshire hathaway - unit to acquire 16 million common shares of home capital, representing about 19.99% equity stake in home capital on a post-issuance basis.Says ‍common shares of home capital group inc​ will be acquired for investment purposes.  Full Article

Home Capital reaches agreement with Berkshire Hathaway for investment of up to C$400 mln in common equity
Wednesday, 21 Jun 2017 11:07pm EDT 

June 21 (Reuters) - Home Capital Group Inc ::Home Capital reaches agreement with Berkshire Hathaway for investment of up to C$400 million in common equity and provision of new C$2 billion credit facility.Proceeds from common equity investment provide additional liquidity and capital in near term.Home Capital Group Inc - replacement of existing emergency credit facility on improved terms, providing company with a lower cost backstop facility.Says approximately C$247 million of C$400 million equity investment is subject to shareholder approval.Home Capital Group - Berkshire Hathaway to indirectly acquire C$400 million of Co's common shares on private placement basis.Berkshire Hathaway to provide a new c$2 billion line of credit facility to home trust company.Home Capital Group-board determined that Berkshire transaction provides current shareholders with best available combination of transaction certainty.Expects to have sufficient liquidity over coming months to repay all amounts outstanding under new credit agreement.Home Capital Group Inc - Berkshire will not be granted any rights to nominate directors of company or any governance rights as an equity holder.Home Capital - Berkshire, through unit, agreed to make initial investment of C$153,225,739 to buy 16,044,580 common shares on a private placement basis.Says each common share in initial investment will be issued at a price of C$9.55 per common share.  Full Article

MiTek Acquires Mezzanine International
Wednesday, 14 Jun 2017 10:15am EDT 

June 14 (Reuters) - Mitek Industries Inc :Mitek Industries Inc says has acquired UK-based Mezzanine International.  Full Article

Berkshire Hathaway cuts share stake in IBM by 20.5 pct
Monday, 15 May 2017 05:33pm EDT 

May 15 (Reuters) - Berkshire Hathaway::Cuts share stake in IBM - SEC filing.Cuts share stake in IBM by 20.5 percent to 64.6 million shares.Ups share stake in Bank of New York Mellon Corp by 52.3 percent to 33 million shares.Change in holdings are as of March 31, 2017 and compared with the previous quarter ended as of Dec. 31, 2016.  Full Article

Warren Buffett says I don't think Trump has had that much of an effect on the economy- CNBC
Monday, 8 May 2017 09:00am EDT 

May 8 (Reuters) - :Warren Buffett says I don't think Trump has had that much of an effect on the economy - CNBC.Warren Buffett says my income tax was less than $4 million for the year - CNBC.Warren Buffett says one take away from GOP health care bill is that we're going to 'cut the hell out of income taxes' for rich - CNBC.Warren Buffett on tax reform says we have to see how it is constructed- CNBC.Berkshire Hathaway Vice Chairman Charlie Munger on CNBC says it is hard to find deals these days.  Full Article

Warren Buffett says he sold a third of his IBM stake in Q1, Q2 2017- CNBC
Friday, 5 May 2017 07:13pm EDT 

May 4 (Reuters) - :Warren Buffett says he sold off about a third of his IBM stake in the 1st and 2nd quarters of 2017- CNBC.Warren Buffett to CNBC - "I don't value IBM the same way that I did 6 years ago when I started buying... I've revalued it somewhat downward".Warren Buffett says about IBM stock, "When it got above $180 we actually sold a reasonable amount of stock." - CNBC.  Full Article

Berkshire reports $11.2 bln stake in IBM as of March 31 vs $13.5 bln as of Dec 31
Friday, 5 May 2017 05:23pm EDT 

May 5 (Reuters) - Berkshire Hathaway Inc ::Says it had $27.8 billion stake in Wells Fargo & Co as of March 31 - SEC filing.Says it had reported a $27.6 billion stake in Wells Fargo & Co as of Dec. 31, 2016.Says it had $11.2 billion stake in IBM as of March 31 - SEC filing.Says had reported $13.5 billion stake in IBM as of Dec. 31, 2016.  Full Article

More From Around the Web

BRIEF-Home capital announces receipt of tsx conditional listing approval for initial equity investment by Berkshire Hathaway

* Home Capital announces receipt of TSX conditional listing approval for initial equity investment by Berkshire Hathaway