Deals
Berkshire Said to Have Made NYSE Euronext Bid Last Year
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Warren Buffett’s Berkshire Hathaway Inc. made an offer last year to buy NYSE Euronext, conditioned on the exchange operator selling its European derivatives business, said two people familiar with the matter.
Berkshire is “Company A” named in a regulatory filing today as making a Nov. 28 bid, said the people, who asked not to be identified because the offer wasn’t public. Perella Weinberg Partners LP, an adviser to NYSE Euronext, contacted Company A, whose proposal was less than the $8.2 billion bid from IntercontinentalExchange Inc. that the NYSE eventually accepted. Company A is called a “large industrial and financial holding company” in the document, dated Jan. 25.