Berkshire Gets Regulatory Approval to Buy Alleghany
October 14 2022 - 3:48PM
Dow Jones News
By Will Feuer
Berkshire Hathaway Inc. said it has received regulatory approval
to move forward with its $11.6 billion buyout of insurance company
Alleghany Corp., paving the way for the deal to close next
week.
The deal is currently expected to close on Oct. 19, subject to
the satisfaction of customary closing conditions, the companies
said.
Berkshire, the Omaha, Neb., conglomerate run by Warren Buffett,
said in March that it would pay $848.02 a share in cash for
Alleghany.
Shares of Alleghany rose 0.6% in after-hours trading to
$847.20.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
October 14, 2022 16:33 ET (20:33 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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