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Wesco Financial (WSC) jumps 14.9% as Berkshire Hathaway (BRK.A) offers to buy the 19.9% that it...

  • Thursday, August 26, 2010, 1:15 PM ET
    Wesco Financial (WSC) jumps 14.9% as Berkshire Hathaway (BRK.A) offers to buy the 19.9% that it already doesn't own. The proposed deal is a cash-stock election made of Berkshire class B (BRK.B) shares and/or cash equivalent of Wesco's book value.
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This news story has 2 comments:

  •  
    Warren is taking out his buddy Charlie for cash while Long Term Tax rates are low..interesting!
    26 Aug 2010, 01:25 PM Reply Like
  •  
    WSC spiked to $15/share higher than its last reported Book Value (6/10/10). Does anybody seriously think Berkshire is going to be rejected by the board? It'll be interesting to see how this plays out.
    26 Aug 2010, 01:34 PM Reply Like
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