Berkshire Hathaway Seeks Fed OK to Potentially Boost Bank of America Stake -Bloomberg
October 15 2019 - 1:57PM
Dow Jones News
--Berkshire Hathaway Inc. (BRKA, BRKB) filed an application with
the Federal Reserve to possibly increase its Bank of America Corp.
(BAC) stake above 10%, Bloomberg reported Tuesday.
--Berkshire "may decide to purchase additional shares" based on
its "evaluation of the investment opportunity presented by such
purchases," Bloomberg reported.
Full story:
https://www.bloomberg.com/news/articles/2019-10-15/warren-buffett-seeks-fed-leeway-to-boost-stake-in-bofa-past-10?srnd=economics-vp
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
October 15, 2019 13:42 ET (17:42 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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