Jump to content

BRK - Berkshire to buy back stock, Keep $20 billion cash


Junto
 Share

Recommended Posts

Buy back initiated this morning: Company Release http://bit.ly/qoMO7A

 

Omaha, NE (NYSE: BRK.A; BRK.B)—Our Board of Directors has authorized Berkshire

Hathaway to repurchase Class A and Class B shares of Berkshire at prices no higher than a 10%

premium over the then-current book value of the shares...Berkshire plans to use cash on hand to fund repurchases, and repurchases will not be made if

they would reduce Berkshire’s consolidated cash equivalent holdings below $20 billion. Financial strength and redundant liquidity will always be of paramount importance at Berkshire.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...