Tuesday, December 25, 2007

Berkshire pays $4.5 billion for 60% of Marmon Holdings

Berkshire Hathaway has just announced a $4.5 billion purchase of a 60% stake in Marmon Holdings, with the remaining 40% to be purchased as a staged acquisition. Here's the link to the news story on the Marmon Group website. On their website you can also view their 3 year financials and CEO & Chairman's letters.

http://http://www.marmon.com/NewsReleases.html


Here's the Berkshire press release

http://http://www.http://biz.yahoo.com/bw/071225/20071225005008.html?.v=1



Disclosure: I own BRK-B shares

No comments: