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Buffett Snubs Goldman Bankers With Quirky Takeover Price

  • The $848.02-a-share figure came from Buffett balking at fee
  • He has called investment bankers expensive ‘money-shufflers’
Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc.
Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc.Source: Bloomberg
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Warren Buffett is telegraphing his disdain for Wall Street bankers with an oddball price on his latest multibillion-dollar takeover.

The $848.02 for every share that Alleghany Corp. stockholders get from Berkshire Hathaway Inc. is the result of Buffett balking at the banking fee being set aside by the target company -- in this case for Goldman Sachs Group Inc., which is advising the insurer.