Warren Buffett’s Berkshire Hathaway agrees to buy insurance company Alleghany for $11.6 billion
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Warren Buffett attending Berkshire Hathaway’s annual Los Angeles meeting. May 1, 2021.
Gerard Miller | CNBC
Warren Buffett makes moves
Berkshire Hathaway, which is $848.02 per share and $11.6 billion in cash, announced that Monday morning, it would buy Alleghany insurance company. Conglomerate Berkshire Hathaway stated that the deal was “a multiple of 1.26x Alleghany’s net value at December 31, 2021” and a 16% premium on Alleghany’s average stock price over the past 30 trading days.
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