Alleghany Surged Over 25% in Morning Trading as Berkshire Hathaway Cost $11.6 Billion to Buy It

Tiger Newspress2022-03-21

Alleghany surged over 25% in morning trading as Berkshire Hathaway cost $11.6 billion to buy it.

Berkshire Hathaway (BRKA)(BRKA)struck an $11.6 billion, all-cash deal to buy property-and-casualty reinsurance company Alleghany Corp. (Y), the companies announced Monday.

The $848.02 per share price is 1.26 times book value as of Dec. 31 and a 29% premium to its average price over the last 30 days, the companies said. Alleghany shares ended Friday at $676.75.

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Comments

Ken1911
2022-03-22
Ken1911
Great
kneegears123
2022-03-22
kneegears123
$Berkshire Hathaway(BRK.B)$is such a value growth stock, interesting how it stays at the top despite volatile market conditions.
SteadyDoesIt
2022-03-21
SteadyDoesIt
Nice
Ysheng
2022-03-21
Ysheng
Amazing

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