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Thursday, October 2, 2014

Buffett's Berkshire to purchase private auto dealer, (NYSE: BRK-A), (NYSE: BRK-B)

Warren Buffett's Berkshire Hathaway Inc said it would purchase Van Tuyl Group, the largest privately owned auto dealership group in the United States. Berkshire did not disclose the value of the deal, but said it was expected to be completed in the first quarter of 2015.Van Tuyl will be known as Berkshire Hathaway Automotive after the acquisition and will be headquartered in Dallas, Texas, Berkshire said.Buffett said in an interview with CNBC on Thursday that the acquisition would be in the form of an all-cash deal.

Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-A remained unchanged at $204855.00. In the past year, the shares have traded as low as $163038.00 and as high as $213612.00. On average, 288 shares of BRK-A exchange hands on a given day and today's volume is recorded at 0.

Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-B remained unchanged at $136.62. In the past year, the shares have traded as low as $108.12 and as high as $142.45. On average, 2920480 shares of BRK-B exchange hands on a given day and today's volume is recorded at 1754.



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