Deals
Berkshire to Buy Oriental Trading as Buffett Bets on Toys
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Warren Buffett’s Berkshire Hathaway Inc. agreed to buy closely held Oriental Trading Co., the U.S. direct retailer of party and craft supplies.
Berkshire will pay about $500 million for Oriental Trading, according to a person familiar with the transaction who declined to be identified because the details are private. The acquisition of the firm, based in Buffett’s hometown of Omaha, Nebraska, will be completed this month, Berkshire said today in a statement, without disclosing terms.