Deals
Buffett’s $40 Billion Cash Pile Provides Acquisition Fuel
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Warren Buffett, who aims to have $20 billion in cash at his Berkshire Hathaway Inc., isn’t investing fast enough to keep money from piling up.
Berkshire will post a $4.3 billion third-quarter profit, according to an estimate from Barclays Plc, adding to a cash hoard of $35.7 billion at the end of June. Buffett also got back $4.4 billion this month that was lent to help Mars Inc. buy Wm. Wrigley Jr. Co. in 2008.