Deals
Berkshire Cash Nears Record as Buffett Extends Deal Hunt
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Berkshire Hathaway Inc.’s cash pile climbed to near-record levels in the third quarter as Chairman Warren Buffett extended his search for larger acquisitions.
Cash surged 17 percent to $47.8 billion in the three months ended Sept. 30, Omaha, Nebraska-based Berkshire said in its quarterly regulatory filing Nov. 2. That’s $115 million less than the record at the end of June 2011.