Key Developments: Berkshire Hathaway Inc (BRKb.N)

BRKb.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Berkshire Hathaway issues senior notes - Form 8-K
Monday, 16 Mar 2015 05:16pm EDT 

Berkshire Hathaway Inc:Issued 750 million euros aggregate principal amount of 0.75 pct senior notes due 2023.Issues1,250 million euros aggregate principal amount of 1.125 pct senior notes due 2027.Issues 1 billion euros aggregate principal amount of 1.625 pct senior notes due 2035.Notes were sold pursuant to an underwriting agreement with company and Deutsche Bank AG, London Branch, Goldman, Sachs & Co., Merrill Lynch International and Wells Fargo Securities International Limited.  Full Article

Berkshire Hathaway Inc completes acquisition of Van Tuyl Group
Tuesday, 10 Mar 2015 08:00am EDT 

Berkshire Hathaway Inc:Completed its acquisition of the Van Tuyl Group, the privately held dealership group in the United States.  Full Article

Preiss-Daimler to acquire Glass Textiles Business in Sweden from Berkshire Hathaway company's Johns Manville
Friday, 19 Dec 2014 02:00pm EST 

Johns Manville and Preiss-Daimler:Says that a Preiss-Daimler group company will acquire Johns Manville's Glass Textiles business in Sweden.Business is a supplier of superior glass wallcoverings in the European markets, including woven as well as nonwoven products.Acquisition is expected to close on Dec. 31.Terms of the agreement were not released.Johns Manville is a Berkshire Hathaway company.  Full Article

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

SNC-Lavalin enters into agreement to sell equity stake in AltaLink for $3.2 billion to Berkshire Hathaway Energy
Thursday, 1 May 2014 07:00pm EDT 

SNC-Lavalin Group Inc:Entered into a binding agreement to sell 100 percent of its interest in AltaLink to Berkshire Hathaway Energy.Based on the terms of the agreement and assuming a Dec. 31 closing date, gross proceeds to SNC-Lavalin from the sale will be about $3.2 billion.  Full Article

Graham Holdings Co and Berkshire Hathaway Inc sign agreement for Berkshire Hathaway to acquire WPLG-TV
Friday, 11 Apr 2014 08:30am EDT 

Graham Holdings Co and Berkshire Hathaway Inc:Says they have signed an agreement for Berkshire to acquire a subsidiary of Graham Holdings Co that includes WPLG, a Miami-based television station, a number of Berkshire shares currently held by Graham Holdings Company.Says and amount of cash in exchange for about 1.6 mln shares of Graham Holdings Class B common stock currently owned by Berkshire Hathaway.  Full Article

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U.S. FAA in partnerships to test beyond-line-of-sight drones

WASHINGTON - The Federal Aviation Administration said it would work with two private U.S. companies to test commercial drones that can fly beyond an operator's line of sight, a precursor to sophisticated drone operations such as package delivery.

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