Warren Buffett At It Again
In your face, Barron’s.
When a company like Berkshire Hathaway (NYSE: BRK.A, NYSE: BRK.B) is sitting on $47 Billion in cash, and has a guy like Warren Buffett at the helm, good things are bound to happen.
The company has agreed to pay $4.5 Billion for a 60% stake of Marmon Holdings, a conglomerate owned by the Pritzker family.
The remaining 40% will be acquired over the next five to six years at a price based on future earnings of the company.
Sources: The New York Times
Aaron Graves @ December 25, 2007