UPDATE 1-Buffett s Berkshire buys Aon, slashes Chevron and Wells Fargo Reuters 5 hrs ago
By Jonathan Stempel
May 17 (Reuters) - Berkshire Hathaway Inc said on Monday it has taken a $943 million stake in insurance brokerage Aon Plc and sold large portions of its investments in Chevron Corp and Wells Fargo & Co.
The changes were disclosed in a regulatory filing detailing Berkshire s U.S.-listed holdings as of March 31.
Berkshire also shed two smaller holdings entirely, Canada s Suncor Energy Inc and private label credit card issuer Synchrony Financial Inc.
The sales suggest that Buffett and his investment managers Todd Combs and Ted Weschler may be growing more wary of valuations as stocks regularly set new highs.
Buffett s Berkshire buys Aon, slashes Chevron and Wells Fargo
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Страховые брокеры Aon и Willis Towers договорились о продаже активов чтобы получить разрешение на слияние
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Банан, лодка, барабан: правила жизни колумбийского племени марубо
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Broker Gallagher in Talks to Buy Aon, Willis Assets for $3 Billion
Insurance brokerage Arthur J. Gallagher & Co. is in talks to buy a portfolio of assets from Aon Plc and Willis Towers Watson Plc for about $3 billion, according to people familiar with the matter.
An agreement could be reached in the coming weeks, said the people, who asked to not be identified because the matter isn’t public. Assets in Germany, Spain, France, and the Netherlands as well as Willis Towers’ reinsurance business will be part of the package deal, the people said. No final decision has been made, the structure could still change and discussions could fall through, they said.