Pursuits
Buffett’s Buyout Search Aided by Biggest Cash Hoard Since 2008
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Warren Buffett, who completed his biggest acquisition in February, is positioned to pursue another “elephant”-sized deal after cash at his Berkshire Hathaway Inc. climbed to the highest in more than two years.
Berkshire’s cash holdings jumped 23 percent to $34.5 billion in the three months ended Sept. 30, the Omaha, Nebraska- based company said Nov. 5 in its third-quarter report. That compares with $30.6 billion at the end of 2009, about six weeks before Berkshire’s $26.5 billion stock-and-cash takeover of railroad Burlington Northern Santa Fe Corp.