Geoff Gannon December 12, 2012

Berkshire Buys Back $1.2 Billion of its Own Stock

Warren Buffett’s Berkshire Hathaway (BRK.B) put out a press release announcing it bought back over $1.2 billion of its own stock. Berkshire also announced it will pay up to 120% of book value for its stock. Previously, Berkshire had been willing to pay 110% of book value.