Buffett Whittles Bank of America Stake to 10.5% With $863 Million Disposal
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Warren Buffett’s Berkshire Hathaway Inc. sold an additional $863 million of Bank of America Corp. stock, trimming the conglomerate’s stake closer to a 10% regulatory threshold.
Berkshire now owns 10.5% of the second-largest US bank after the latest disposals on the three trading days through Tuesday, according to a regulatory filing. As long as it remains above the threshold, the company must disclose trades within a few days.