Buffett’s Berkshire Buys Stakes in Domino’s and Pool Corp.
- Conglomerate trimmed stakes in Apple and Bank of America
- Berkshire has been looking to deploy a record pile of cash
Warren Buffett
Photographer: Christopher Goodney/BloombergThis article is for subscribers only.
Berkshire Hathaway Inc. bought stock in Domino’s Pizza Inc. and Pool Corp. during the third quarter as Chairman Warren Buffett cut back on some long-held investments. Shares of the two new holdings jumped in late New York trading.
The founder of the Omaha, Nebraska-based conglomerate acquired about 1.3 million shares in the pizza retailer, giving Berkshire a 3.6% stake valued about $550 million, the company said in a regulatory filing Thursday.