February 24, 2018 / 1:41 PM / a month ago

Warren Buffett says Berkshire needs to do 'one or more huge acquisitions'

NEW YORK (Reuters) - Warren Buffett on Saturday said Berkshire Hathaway Inc (BRKa.N) needed to make “one or more huge acquisitions” to increase its earnings, but admitted that finding a deal at “a sensible purchase price” had become a challenge.

FILE PHOTO: Berkshire Hathaway shareholders walk by a video screen at the company's annual meeting in Omaha, Nebraska, U.S., May 4, 2013. REUTERS/Rick Wilking/File Photo

    “Prices for decent, but far from spectacular, businesses hit an all-time high,” Buffett said in his annual letter to shareholders. “The ample availability of extraordinarily cheap debt in 2017 further fueled purchase activity.”

    Reporting by Trevor Hunnicutt; Editing by Mark Potter

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below