Berkshire discusses potential share exchange with Graham Holdings

|About: Berkshire Hathaway Inc (BRK.A)|By:, SA News Editor

Berkshire Hathaway (BRK.A, BRK.B) is in talks with Graham Holdings (GHC) about a possible share exchange, according to an SEC filing.

GHC, the company that was renamed after selling the Washington Post newspaper, would create a unit that would own a business and assets to be determined, possibly including Berkshire stock; the two companies haven't agreed on any terms of such a transaction, which would be structured as a tax-free split-off.

GHC says no deal will be completed "unless it is in the interest of both parties."

Warren Buffett’s company owns 1.73M GHC shares, a stake of ~28%, valued at ~$1.1B.