Today news
About the same in other media
04.04 - 09:09
Warren Buffett’s Berkshire Hathaway snaps up Alleghany in $11.6bn deal to bolster insurance arm
Reading now: 509
fnlondon.comBerkshire Hathaway said on 21 March it agreed to buy insurer Alleghany for about $11.6bn in cash in a deal that bolsters the insurance arm of billionaire Warren Buffett’s investment vehicle.
Berkshire said it would pay $848.02 a share for Alleghany, a premium of about 25% to 18 March’s closing price of $676.75 and a multiple of 1.26 times the New York-based company’s book value at the end of 2021.
Berkshire,...
Read more on fnlondon.comAbout this in other media
Trading Places: Citi snaps up BofA’s Richard Abel, Englender leaves UBS, Deutsche Bank hires Sebastiaan van Loon fnlondon.com /2 years ago
Warren’s battle to curtail crypto gets boost from Ukraine conflict cointelegraph.com /2 years ago
Trading Places: Citi snaps up BofA’s Richard Abel, Englender leaves UBS, Deutsche Bank hires Sebastiaan van Loon fnlondon.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
