Berkshire Hathaway News

Buffett’s Dairy Queen Loses Lawsuit Over ‘Blizzard’ Name

A federal judge ruled that Dairy Queen cannot stop W.B. Mason Co from selling “Blizzard” bottled spring water, the same name the unit of Warren Buffett’s Berkshire Hathaway Inc BRKa.N uses for a popular ice cream product. In a 217-page …

Alleghany Stockholders Approve Sale to Buffett’s Berkshire Hathaway

Alleghany Corp. on June 9 said its stockholders approved and adopted Berkshire Hathaway’s offer to buy the company for $11.6 billion. “We are pleased our stockholders have overwhelmingly voted to support this compelling transaction, which delivers significant value to them. …

Berkshire Hathaway’s Buffett Talks Nuclear Risk and Tribalism

Shareholders attending Berkshire Hathaway’s annual meeting on Saturday had questions about what will happen to the conglomerate when Chairman Warren Buffett is no longer around to lead it. They also wanted to know how external problems of the world would …

State Farm Still Wins: Buffett Talks Auto Insurance at Annual Event

There wasn’t a lot of talk about auto insurance at this year’s annual meeting of Berkshire Hathaway, but when the subject came up, Warren Buffett acknowledged the continued dominance of one competitor—a mutual insurer. “The largest auto insurance company in …

Berkshire Shareholders Vote to Keep Buffett as Chairman, Reject Climate Disclosures

Berkshire Hathaway Inc. shareholders on Saturday rejected proposals to have an independent chair replace Warren Buffett, and require his company to disclose more about its climate-related risks and efforts to improve diversity. Shareholders supported letting Buffett keep both the chairman …

Berkshire Investors Nudge for Better Governance, Social Issues as Meeting Looms

Warren Buffett will face pressure to improve Berkshire Hathaway Inc’s environmental and social policies as well as governance when he meets shareholders this weekend, in what investors say is a harbinger of what may come after the 91-year-old billionaire is …

Largest Public Pension Fund to Vote to Replace Buffett as Berkshire Chairman

CalPERS, the largest U.S. public pension fund, on April 19 said it will vote for a shareholder proposal that Berkshire Hathaway Inc. replace Warren Buffett as chairman, though he would remain chief executive officer. The fund, whose full name is …

How Warren Buffett Does a Deal: Alleghany Merger Backstory

Berkshire Hathaway didn’t require Alleghany to pay any breakup fee in the event another potential acquirer topped an $11.6 billion deal price that Warren Buffett offered to CEO Joseph Brandon in early March—”after some casual conversation” at a dinner meeting. …

Familiar Securities Plaintiff Sues to Stop Berkshire’s $11.6 Billion Deal for Alleghany

At least one shareholder of Alleghany Corp. is unhappy with the insurer’s agreement to be bought by Warren Buffett’s Berkshire Hathaway. According to a lawsuit filed April 13 in U.S. District Court for the Southern District of New York, shareholder …

Buffett’s Berkshire Hathaway to Buy Alleghany for $11.6 Billion

Warren Buffett’s Berkshire Hathaway said it reached an agreement with Alleghany Corp. to buy the New York-based property and casualty insurer for about $11.6 billion. Omaha, Nebraska-based Berkshire will acquire all outstanding Alleghany shares for $848.02 per share in cash …