Deals
Munger Promises ‘Afternoon With Charlie’ After Berkshire Buyout
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Charles Munger, the billionaire business partner of Warren Buffett, promised to host a question-and-answer meeting for shareholders of his Wesco Financial Corp. if they approve a sale of the company to Berkshire Hathaway Inc.
Munger, 87, plans to hold an “Afternoon with Charlie” in Pasadena, California, after the merger to give Berkshire and former Wesco shareholders a chance to ask him about “business, economics and life,” Wesco said in a statement today announcing the deal. Berkshire agreed to pay $547.6 million for the 19.9 percent of Wesco it doesn’t own. The session would replace Wesco’s annual meeting.