Berkshire Hathaway sells shares worth 67 mn in Moody8217;s

Legendary investor Warren Buffett-led Berkshire Hathaway has sold 2.7 million shares in global rating agency Moody's Corp for an estimated USD 67 million.

Written by Agencies
New York | December 10, 2009 07:34 PM IST

1 min read

Legendary investor Warren Buffett-led Berkshire Hathaway has sold 2.7 million shares in global rating agency Moody8217;s Corp for an estimated USD 67 million.

Following the stock sale,diversified entity Berkshire Hathaway holds about 35.4 million shares in Moody8217;s.

This story requires a subscription

Select a plan and use IE10 code to get 10% extra off

POPULAR

EXPRESS EDGE

Daily ePaper access

Premium stories & archives

UPSC Section + UPSC Essentials Magazine

Premium stories & archives

UPSC Section + UPSC Essentials Magazine

Starts at ₹133/month

Best for UPSC aspirants

This story requires a subscription

Please Select A Plan

POPULAR

EXPRESS EDGE

Daily ePaper access

Premium stories & archives

UPSC Section + UPSC Essentials Magazine

Premium stories & archives

UPSC Section + UPSC Essentials Magazine

Starts at ₹133/month

Best for UPSC aspirants

The shares were sold in two separate transactions on December 7 and 8.

According to a filing with the US Securities and Exchange Commission,Berkshire Hathaway offloaded about 2 million shares for nearly USD 50 million on December 7. Each share was priced at USD 25.04.

The next day,the company sold 704,346 shares,each at a price of USD 24.81,for as much as USD 17 million.

Berkshire Hathaway has around 15 per cent stake in the rating agency.