Berkshire Hathaway Inc Chairman and Chief Executive Officer Warren Buffett said on Monday that tax-driven mergers could attract the attention of Congress and would cause a "fight" in corporate America.Buffett, in reference to U.S. drugmaker Pfizer Inc.'s aim to lower its tax rate by changing its domicile to Britain as part of its pursuit of Britain's AstraZeneca Plc , said that more companies were seeking mergers for tax-driven reasons."It will gather momentum and my guess is that when you get to companies of this size, this prominence, and with this speed up of momentum, my guess is that Congress one way or another addresses this," Buffett told cable television network CNBC."This whole thing on the foreign situation I think will cause one hell of a fight in corporate America," he said.
AstraZeneca PLC (AstraZeneca) is a global biopharmaceutical company. Shares of AZN fell by 1.6% or $-1.294/share to $79.73. In the past year, the shares have traded as low as $46.87 and as high as $82.68. On average, 3424980 shares of AZN exchange hands on a given day and today's volume is recorded at 2692421.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-A fell by 1.45% or $-2787.0/share to $189468.00. In the past year, the shares have traded as low as $162345.00 and as high as $194530.00. On average, 383 shares of BRK-A exchange hands on a given day and today's volume is recorded at 220.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-B fell by 1.37% or $-1.75/share to $126.34. In the past year, the shares have traded as low as $108.12 and as high as $129.73. On average, 3905770 shares of BRK-B exchange hands on a given day and today's volume is recorded at 1126009.
Pfizer Inc. (Pfizer) is a research-based, global biopharmaceutical company. Shares of PFE fell by 1.66% or $-0.509/share to $30.24. In the past year, the shares have traded as low as $27.12 and as high as $32.96. On average, 29514900 shares of PFE exchange hands on a given day and today's volume is recorded at 20019932.
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