berkshire hathaway inc-cl b (BRK/B) Key Developments
Insurance Australia Group Limited, Berkshire Hathaway Inc. - Special Call
Jun 16 15
To form strategic relationship with Berkshire Hathaway
Berkshire Hathaway Seeks Acquisitions In Australia
Jun 16 15
Berkshire Hathaway Inc. is planning to acquire stake in Australian companies. Berkshire Hathaway is interested in buying an equity stake in at least one of the banks. Warren Buffett said that the stream of Australian dollars that will be generated from the $500 million deal with Insurance Australia Group will be used to make further investments in the Australian equity market. Warren Buffett told Fairfax Media "If you come back in two or three years, you will find we have got four or five Australian equities".
SABMiller Reportedly In Talks Over a Possible Merger
May 7 15
Shares of brewer SABMiller plc (LSE:SAB) rose more than 3% on May 7, 2015, with traders citing a revival of talk of a possible takeover bid from rival Anheuser-Busch InBev SA/NV (ENXTBR:ABI). Two London-based traders said billionaire Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK.A) and investment firm 3G Capital, Inc. were also cited as potential bidders. Officials for SABMiller, ABI and 3G declined to comment.
Berkshire Hathaway Inc. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015
May 1 15
Berkshire Hathaway Inc. reported consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net income of $5.16 billion. Earnings, adjusted for investment gains, were $2,583 per share. On a per-share basis, the company earned $3,143. The company posted revenue of $48.64 billion in the period. Operating earnings were $4,244 million compared to $3,533 million a year ago. Net earnings attributable to company’s shareholders were $5,164 million compared to $4,705 million a year ago. Net earnings per Class A equivalent share attributable to Berkshire shareholders were $3,143 million compared to $2,862 million a year ago. As at March 31, 2015, book value had increased by 0.5% since yearend 2014 to $146,963 per Class A equivalent share.
Campbell Is Reportedly Viewed As A Potential Acquisition Target For Berkshire Hathaway
May 1 15
An afternoon spike in shares of Campbell Soup Company (NYSE:CPB) followed a mention of the company being viewed as a potential acquisition target for Berkshire Hathaway Inc. (NYSE:BRK.A) in The Deal, according to contacts.