Sources say Berkshire Hathaway (BRK.A) is the mystery 'Party M' named in a regulatory filing by...

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

Sources say Berkshire Hathaway (BRK.A) is the mystery 'Party M' named in a regulatory filing by IPC (IPCR) as bidding $1.7B in cash to buy the company, a bid that was ultimately rejected in favor of a lower stock-and-cash offer from Validus (VR). Analysts say a deal with IPC would have been "a cost-effective way for Berkshire to spread its wings even more."