Deals
Buffett Nears Buyback Threshold as Shares Extend Slump
- Shares approach threshold at which he would make repurchases
- Billionaire's last buyback announcment came in December 2012
Why Berkshire Is Moving Closer to Share Buyback
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Berkshire Hathaway Inc.’s stock slump over the past year has moved shares closer to the point where Chairman Warren Buffett says they’re a steal.
Book value, a measure of assets minus liabilities, probably climbed to $154,292 per share at the end of 2015, according to an estimate from Keefe Bruyette & Woods. Class A shares changed hands for $196,260 at 11:25 a.m. in New York Wednesday, or just 27 percent higher than the estimate. The company has said it’ll buy back stock for a premium of no more than 20 percent.