Two brothers from Brazil will pay $5 million to settle civil charges that they reaped $1.8 million in illegal profits by trading ahead of an announcement that Berkshire Hathaway Inc and 3G Capital planned to acquire ketchup maker H.J. Heinz Co, U.S. regulators said Thursday. Rodrigo Terpins and his brother Michael neither admitted nor denied the Securities and Exchange Commission's charges, which allege that Rodrigo Terpins placed the illegal trades while vacationing at Walt Disney World after his brother got a tip about the acquisition.
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 1.71% or $2884.0/share to $171089.00. In the past year, the shares have traded as low as $125950.00 and as high as $178900.00. On average, 7461 shares of BRK-A exchange hands on a given day and today's volume is recorded at 197.
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 1.97% or $2.206/share to $113.98. In the past year, the shares have traded as low as $83.85 and as high as $119.30. On average, 3397490 shares of BRK-B exchange hands on a given day and today's volume is recorded at 1081447.
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