OMAHA, Neb. (AP) Warren Buffett's company completed its largest acquisition in years Wednesday with its $11.6 billion purchase of the Alleghany insurance conglomerate. The purchase announced in March will further expand Berkshire's sizeable insurance operations and add a few more companies to its stable, including a steel fabricator and toy company owned by Alleghany.
Berkshire Hathaway, billionaire Warren Buffett's company, bought insurance company Alleghany Corp. for $11.6 billion in cash, or $848.02 per share, and will leave the firm largely intact.
The Nashville Ledger tnledger.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tnledger.com Daily Mail and Mail on Sunday newspapers.