The
Washington Post
reported
that Warren Buffett wants to end his four-decade-long stint as a shareholder in the Graham family’s company, formerly the Washington Post Co. and now known as Graham Holdings. Buffett holds 23.4% of the company, a stake worth $1.1 billion, the report noted.
Citing a filing by Buffett’s company, Berkshire Hathaway, with the Securities and Exchange Commission, the
Post
article said Graham Holdings would spin off some of its assets into a new unit that would be owned by Berkshire. Buffett would receive cash and Graham Holdings’ shares in Berkshire Hathaway, worth about $3 million, the report said. The deal would be “a tax-free exchange of shares,” the article said.
The deal is under negotiation and might not be completed, the article said. (Source:
Washington Post,
Feb. 13, 2014.)
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