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Stock impact report

Warren Buffett Puts Cash to Work Buying Back $928 Million in Shares [Fortune]

Berkshire Hathaway Inc. New (BRK.B) 
Last berkshire hathaway inc. new earnings: 11/2 07:00 am Check Earnings Report
US:NYSE Investor Relations: berkshirehathaway.com
Company Research Source: Fortune
Berkshire Hathaway Inc. bought back $928 million of its own stock during three weeks in August as Warren Buffett took advantage of a new policy that gives him more freedom to decide when repurchases are worth it. A change in Berkshire’s repurchase policy announced in July spurred buybacks of both classes of the company’s stock in the third quarter. Berkshire’s chairman paid an average price of $312,806.74 to repurchase 225 Class A shares, and bought back more than 4 million Class B shares at an average price of $207.09, the company said in a regulatory filing Saturday. While the 88-year-old investor has dabbled in repurchasing shares before, he’s long favored acquisitions of companies or investing in shares of other firms over capital return. Still, he’s struggled to find ways to invest a swelling cash pile that has surpassed $100 billion each of the past five quarters. The more relaxed buyback policy gives the billionaire another way to deploy money. The firm’s old p Show less Read more
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