Announced
Completed
Financials
Tags
Domestic
Single Bidder
Majority
Private Equity
acquisitions
strategic investments
private equity firm
United States
Private Equity
Public
Friendly
Acquisition
Completed
Synopsis
Berkshire Hathaway, an American multinational conglomerate holding company, completed the acquisition of Alleghany, a private equity firm, for $11.6bn. “Berkshire will be the perfect permanent home for Alleghany, a company that I have closely observed for 60 years. Throughout 85 years the Kirby family has created a business that has many similarities to Berkshire Hathaway. I am particularly delighted that I will once again work together with my long-time friend, Joe Brandon,” Warren E. Buffett, Berkshire Hathaway Chairman and CEO. On June 9, 2022, Alleghany stockholders approve acquisition by Berkshire Hathaway.
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