Berkshire Hathaway is acquiring the remaining 8% of its utility unit from the estate of Walter Scott for $2.4 billion in cash and shares. Analysts question the deal's specifics due to the lack of transparency from the company.
Buffett’s approach to disclosing financial details often leaves investors guessing, as illustrated by the absence of a press release or SEC filing regarding the latest acquisition.
While this transaction seems significant, Buffett reportedly considers it not material against a backdrop of over $30 billion in earnings, raising questions about its overall impact.
The purchase mirrors a previous transaction involving a 1% stake buyout, suggesting the ongoing consolidation in Berkshire Hathaway's utilities could continue, given its cash reserves.
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