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Thursday, Jul 18
Talks about diversification: Washington Post (WPO) agrees to acquire Forney, a provider of...
Talks about diversification: Washington Post (WPO) agrees to acquire Forney, a provider of products and systems for power and industrial boilers, from United Technologies (UTX) for an undisclosed amount. The deal adds to Washington Post's purchase last year of Celtic Healthcare and is part of the company's "ongoing strategy to invest in companies with "demonstrated earnings potential and strong management teams." Which sounds right out of the playbook of long-time Washington Post shareholder Warren Buffett. (PR)