Berkshire Hathaway completed the acquisition of Alleghany for $11.6bn.

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.