The reduction in the conglomerate’s outstanding shares was noted in a Wednesday filing concerning Buffett’s $2.9 billion donation of Berkshire stock to five nonprofits, part of his pledge to give away nearly all his fortune. If Berkshire repurchased those shares, it might have conducted roughly $4.9 billion to $5.9 billion of buybacks, depending on the price, over 2-1/2 months, analysts said.”It implies relatively strong buyback activity,” said James Shanahan, an Edward Jones & Co analyst with a “buy” rating on Berkshire. …read more
Source:: Yahoo Finance
