Warren Buffett's Berkshire Hathaway Inc on Wednesday said it paid $2.05 billion cash to purchase the 20 percent it did not already own of toolmaker Iscar from the Israeli company's founding Wertheimer family.Berkshire in 2006 bought an 80 percent stake in Iscar, a maker of metal cutting tools whose formal name is IMC International Metalworking Cos, for $4 billion.At the time, that purchase was one of the largest acquisitions involving an Israeli company, and Buffett's biggest bet outside the United States. Wednesday's purchase suggests that Iscar's value has since more than doubled."As you can surmise from the price we're paying for the remaining interest, IMC has enjoyed very significant growth over the last seven years," Buffett said in a statement.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-A traded higher by 0.24% or $381.0/share to $159381.00. In the past year, the shares have traded as low as $118000.00 and as high as $161175.00. On average, 50606 shares of BRK-A exchange hands on a given day and today's volume is recorded at 157.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-B traded higher by 0.06% or $0.06/share to $106.38. In the past year, the shares have traded as low as $78.28 and as high as $107.49. On average, 3911910 shares of BRK-B exchange hands on a given day and today's volume is recorded at 647416.
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