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Berkshire Hathaway Inc (BRKa.N)

BRKa.N on New York Stock Exchange

257,651.00USD
20 Jul 2017
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Latest Key Developments (Source: Significant Developments)

Berkshire Hathaway Energy says supports new Texas stakeholder groups for its proposed acquisition of Oncor
Monday, 17 Jul 2017 04:36pm EDT 

July 17 (Reuters) - Berkshire Hathaway Inc :Berkshire Hathaway Energy -announced support of new Texas stakeholder groups for its proposed acquisition of Oncor Electric Delivery Company Llc‍​.Berkshire Hathaway Energy - co also announced addition of three more commitments that support energy market in Texas.Berkshire Hathaway Energy- TXU Energy, NRG Energy, team and alliance for retail markets have signed regulatory commitments proposed by co.  Full Article

Buffett's Berkshire Hathaway Energy to buy Oncor
Friday, 7 Jul 2017 12:01am EDT 

July 7 (Reuters) - Berkshire Hathaway Energy: :Oncor to join warren Buffett's Berkshire Hathaway Energy.Berkshire Hathaway Energy - has executed a definitive merger agreement with Energy Future Holdings Corp.Berkshire Hathaway Energy - will acquire reorganized EFH, which will ultimately result in acquisition of Oncor.Berkshire Hathaway Energy - all-cash consideration for reorganized EFH is $9 billion implying an equity value of approximately $11.25 billion for 100% of Oncor.Berkshire Hathaway Energy - upon deal closing, Bob Shapard will assume role of executive chairman of Oncor board, and Allen Nye will assume role of CEO of Oncor.  Full Article

Berkshire Hathaway nearing deal to buy electric company Oncor -CNBC, citing DJ
Thursday, 6 Jul 2017 12:10pm EDT 

July 6 (Reuters) - Berkshire Hathaway Inc :Berkshire Hathaway nearing deal to buy electric company Oncor - CNBC, citing Dow Jones.  Full Article

Berkshire says will exercise warrants to acquire 700 mln shares of Bank of America
Friday, 30 Jun 2017 06:00am EDT 

June 30 (Reuters) - Berkshire Hathaway Inc ::Berkshire Hathaway Inc News release.Bank of America Corp announced plans to increase quarterly dividend to $0.12 per share on June 28.When Bank of America increases quarterly dividend​, co will exercise warrants to acquire 700 million shares of Bank of America at $7.142857/share.Expects to use $5 billion of Bank of America Corporation 6% preferred stock that currently owns as consideration to acquire common shares.  Full Article

Home Capital announces successful completion of initial equity investment by Berkshire Hathaway
Thursday, 29 Jun 2017 10:56am EDT 

June 29 (Reuters) - Home Capital Group Inc :Home Capital announces successful completion of initial equity investment by Berkshire Hathaway.  Full Article

Home capital announces receipt of tsx conditional listing approval for initial equity investment by Berkshire Hathaway
Thursday, 29 Jun 2017 06:35am 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

Canadian utility Hydro One to buy Avista for C$6.7 billion

Canadian electric utility Hydro One Ltd said on Wednesday that it would buy rival Avista Corp for about C$6.7 billion ($5.32 billion) to expand into the U.S. Northwest.