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Berkshire Hathaway Inc (BRKb.N)

BRKb.N on New York Stock Exchange

177.56USD
18 Aug 2017
Change (% chg)

$0.40 (+0.23%)
Prev Close
$177.16
Open
$177.00
Day's High
$178.82
Day's Low
$176.27
Volume
1,453,110
Avg. Vol
1,115,423
52-wk High
$179.99
52-wk Low
$141.92

Latest Key Developments (Source: Significant Developments)

Berkshire Hathaway Energy says five Texas stakeholder groups reach agreement with Co in Oncor acquisition
Friday, 18 Aug 2017 06:51pm EDT 

Aug 18 (Reuters) - Berkshire Hathaway Energy-:Parties to agreement ask public utility commission of Texas to approve acquisition.Five Texas stakeholder groups reach agreement in Berkshire Hathaway Energy's acquisition of Oncor.Agreement resolves all issues in Berkshire Hathaway energy's acquisition of Oncor.Staff of public utility commission of Texas, office of public utility counsel entered into settlement with co.Steering committee of cities served by Oncor, Texas industrial energy consumers, IBEW local 69 entered into settlement with co.Parties have agreed acquisition is in public interest, meets statutory standards and will bring substantial benefits to Oncor.  Full Article

Third bidder places $9.3 bln bid for Oncor, higher than Berkshire Hathaway's $9 bln bid- CNBC, citing DJ
Friday, 18 Aug 2017 02:43pm EDT 

Aug 18 (Reuters) - :Third bidder has emerged for Oncor, placing higher $9.3 billion bid than Berkshire Hathaway's $9 billion bid- CNBC, citing DJ.  Full Article

Berkshire Hathaway Energy stands firm on $9 bln offer to acquire Oncor
Wednesday, 16 Aug 2017 08:46pm EDT 

Aug 16 (Reuters) - Berkshire Hathaway Inc :Will stand firm on $9 billion offer to acquire 80% of oncor electric delivery company and will not increase offer .Warren Buffett’s Berkshire Hathaway Energy stands firm on its $9 billion offer to acquire Oncor.Bid for Oncor includes 47 regulatory commitments that have the support of 12 key stakeholder groups across texas.Will not be increasing its offer.  Full Article

Larsen & Toubro to divest entire stake in L&T Cutting Tools for 1.74 bln rupees
Wednesday, 16 Aug 2017 06:52am EDT 

Aug 16 (Reuters) - Larsen & Toubro Ltd ::Says entered into definitive agreement on August 16, 2017 for divestment of its entire stake in L&T Cutting Tools Limited.Says agreement with IMC International Metalworking Companies B.V, a company owned by Berkshire Hathaway Inc.Says consideration for sale is 1.74 billion rupees.  Full Article

Berkshire Hathaway cuts share stake in Wabco Holdings by 97.8 pct
Monday, 14 Aug 2017 04:39pm EDT 

Aug 14 (Reuters) - Berkshire Hathaway Inc ::Berkshire Hathaway Inc cuts share stake in Wabco Holdings Inc by 97.8 percent to 63,195 shares - sec filing ‍​.Berkshire Hathaway Inc - change in holdings are as of june 30, 2017 and compared with the previous quarter ended as of march 31, 2017‍​.  Full Article

Berkshire Hathaway dissolves share stake in GE
Monday, 14 Aug 2017 04:33pm EDT 

Aug 14 (Reuters) - Berkshire Hathaway Inc ::Dissolves share stake in GE - SEC filing.Takes share stake of 17.5 million shares in Synchrony Financial - SEC filing.Ups share stake in Bank of New York Mellon Corp by 52.2 percent to 50.2 million shares - SEC filing.Cuts share stake in Sirius XM Holdings Inc by 20.0 percent to 137.9 million shares - SEC filing.Change in holdings are as of June 30, 2017 and compared with the previous quarter ended as of March 31, 2017.  Full Article

Berkshire Hathaway Q2 operating earnings per Class A equivalent share $‍2,505​
Friday, 4 Aug 2017 05:00pm EDT 

Aug 4 (Reuters) - Berkshire Hathaway Inc BRKA.N::Press release - Berkshire Hathaway Inc. News Release.Q2 net earnings attributable to shareholders $4,262 million versus $5,001 million.Qtrly net earnings per share attributable to shareholders ‍$2,592​.Qtrly operating earnings per Class A equivalent share $‍2,505​.At June 30, 2017, book value had increased by 6.2 pct since year-end 2016 to $182,816 per Class A equivalent share​.Q2 operating earnings $4,119 million versus $4,607 million.Qtrly total revenue $57,518 million versus $54,254 million.Q2 earnings per share view $2791.04, revenue view $57.63 billion -- Thomson Reuters I/B/E/S.  Full Article

‍berkshire Hathaway Energy says 10 stakeholders support bid for Oncor​
Tuesday, 25 Jul 2017 05:40pm EDT 

July 25 (Reuters) - Berkshire Hathaway Inc :‍berkshire Hathaway Energy - announced that 10 stakeholders support Berkshire Hathaway Energy's bid for Oncor​.  Full Article

Home Capital fully repays $2 bln Berkshire Hathaway backed credit facility; completes commercial mortgage asset sale
Tuesday, 25 Jul 2017 05:05pm EDT 

July 25 (Reuters) - Home Capital Group Inc :Home Capital fully repays $2 billion Berkshire Hathaway backed credit facility; completes commercial mortgage asset sale.Home Capital Group Inc - full repayment of berkshire backstop credit facility significantly reduces interest expense for company going forward.Home Capital Group Inc - co received proceeds of about $662 million from previously announced arrangement to sell certain commercial mortgage assets​.Says ‍as of July 25, 2017, company's aggregate available liquidity and credit capacity stood at approximately $3.59 billion​.Home Capital Group Inc - will continue to pay stand by fee of 1% on undrawn funds until Berkshire facility matures one year from initial funding date.Home Capital Group - ‍received about $1.13 billion on sale,discharges of commercial mortgages in connection with initiatives to increase liquidity​.  Full Article

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

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Elliott lawyer says third bidder may top Buffett's Oncor bid

An unidentified utility could pay $9.3 billion to buy Texas power transmission company Oncor Electric Delivery Co, topping Berkshire Hathaway Inc's $9 billion bid, a lawyer for the largest creditor of Oncor's parent told a U.S. bankruptcy judge on Friday.