Berkshire discusses potential share exchange with Graham Holdings

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.

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Comments (2)
  • siriridge
    , contributor
    Comments (2) | Send Message
    He could some of the TV stations and then swap them to Gannett or Scripps, each of whom would dearly love to dump some newspapers, but doesn't want to incur the income taxes from their disposal. Depending on how many stations, he could end up with either all of the Scripps papers or most of the non-USA Today Gannett operations.
    13 Feb 2014, 01:09 AM Reply Like
  • psychological-dividends
    , contributor
    Comments (819) | Send Message
    I think obtaining the TV stations would be most fruitful.
    13 Feb 2014, 10:20 AM Reply Like
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