The Canadian Pacific? 24/7Wallst writes: Warren Buffett, CEO of Berkshire Hathaway, during the firm’s annual
meeting, claimed that he looked at a huge buyout recently, which would have
cost $22 billion. Buffett says he did not make a deal because he would have
needed to sell some of Berkshire’s equity holdings to do so. The man,
considered by many as the greatest investor of the last fifty years, probably
did not raise the matter randomly. Berkshire is back in the M&A market.
Buffett’s largest investment so far was the buyout of
railroad Burlington Northern Santa Fe in 2010. The price for that transation
was $26.5 billion. Buffett said he believed that Burlington was a bet on a
large part of the American economy because of breadth of businesses which are
touched by the railroad industry.
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