Munger_Disciple Posted December 12, 2014 Share Posted December 12, 2014 New Acquisition Announced: http://www.marketwatch.com/story/berkshire-hathaway-acquiring-charter-brokerage-2014-12-12-17911452?siteid=yhoof2 Susan Decker on Berkshire succession: http://www.bloomberg.com/news/2014-12-09/berkshire-s-decker-sees-ceo-pay-becoming-issue-for-board.html Link to comment Share on other sites More sharing options...
Munger_Disciple Posted December 12, 2014 Author Share Posted December 12, 2014 More details on Charter Brokerage acquisition: http://finance.yahoo.com/news/berkshire-hathaway-inc-acquires-charter-220000293.html Link to comment Share on other sites More sharing options...
gfp Posted December 16, 2014 Share Posted December 16, 2014 Not sure if this was posted elsewhere on the board, but on the same day as the Charter Brokerage acquisition announcement Berkshire sent out a press release confirming the closing of their investment in QSR, Restaurant Brands International (the BKW-THI merger). What was previously unreported about the deal is that Berkshire will hold 4.18% of the common shares (and 14.37% of the votes because of the preferred shares) following the deal. Since the penny warrants were only for 1.75% of the common, this means Berkshire purchased a meaningful stake (over $400 million USD) in either BKW or THI before the merger (or has investments in the 3G partnership itself). 2.43% of the combined company was accumulated by Berkshire and 1.75% was given for almost free. http://berkshirehathaway.com/news/DEC1214-2.pdf Link to comment Share on other sites More sharing options...
KCLarkin Posted December 16, 2014 Share Posted December 16, 2014 Not sure if this was posted elsewhere on the board, but on the same day as the Charter Brokerage acquisition announcement Berkshire sent out a press release confirming the closing of their investment in QSR, Restaurant Brands International (the BKW-THI merger). What was previously unreported about the deal is that Berkshire will hold 4.18% of the common shares (and 14.37% of the votes because of the preferred shares) following the deal. Since the penny warrants were only for 1.75% of the common, this means Berkshire purchased a meaningful stake (over $400 million USD) in either BKW or THI before the merger (or has investments in the 3G partnership itself). 2.43% of the combined company was accumulated by Berkshire and 1.75% was given for almost free. http://berkshirehathaway.com/news/DEC1214-2.pdf Not sure I believe he would be buying on open market. Seems like a conflict of interest? But there was a confidential disclosure in the last 13F so maybe they were buying THI? Link to comment Share on other sites More sharing options...
gfp Posted December 16, 2014 Share Posted December 16, 2014 They could have purchased Tim Hortons shares in Canada and they wouldn't have to report them on the 13F at all. It is also possible they invested in 3G partnerships directly and received interests in the common that way - but that is not common for Buffett. Link to comment Share on other sites More sharing options...
Liberty Posted December 16, 2014 Share Posted December 16, 2014 :D Link to comment Share on other sites More sharing options...
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