Warren Buffett Extends 2022 Purchases With $11.6 Billion Alleghany Deal

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The Street

By Martin Baccardax After six years without a major transaction, billionaire investor Warren Buffett is back on the hunt and adding companies to his Berkshire Hathaway investment group. Warren Buffett’s Berkshire Hathaway (BRK.A) – Get Berkshire Hathaway Inc. Class A Report agreed Monday to buy insurance group Alleghany Corp. (Y) – Get Alleghany Corporation Report for around $11.6 billion as the investment group adds to its 2022 acquisition run while quietly surpassing the $500,000 share price benchmark. Berkshire will pay $848.02 per share, in cash, for Alleghany, a 25.3% premium to its Frida…

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