Berkshire Hathaway (BRK-A) (BRK-B) Announces Buyback Plan

September 26, 2011 9:02 AM EDT
Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) authorized a buyback of Class A and B Shares at prices no higher than a 10 percent 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.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Hot Buybacks, Stock Buybacks

Related Entities

Warren Buffett

Add Your Comment