Berkshire buys stake in Store Capital; STOR +1.3% premarket

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

Berkshire Hathaway (BRK.A, BRK.B) likes what it sees in at least one name in the roughed-up retail landlord sector, purchasing a 9.8% stake in Store Capital (NYSE:STOR). In the deal, Berkshire paid $377M for 18.6M newly-issued shares of Store at $20.25 each.

Store +1.3% premarket to $21.04.

Subscribe for full text news in your inbox