Buffett rejected Alleghany request to increase $850-per-share offer
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Buffett rejected Alleghany request to increase $850-per-share offer

Rachel Dalton
April 12, 2022
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U.S.-OMAHA-BERKSHIRE HATHAWAY-ANNUAL SHAREHOLDERS MEETING
Photo: PA

Alleghany chairman Jefferson Kirby attempted to persuade Berkshire Hathaway CEO Warren Buffett to increase his $850-per-share offer for the company but was refused, according to official documents.

Last month, Berkshire agreed to buy Alleghany in an $11.6bn transaction, in which the buyer will pay $848.02 per share for the business, equating to a multiple of 1.26

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News Berkshire Hathaway Alleghany M&A
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Rachel Dalton
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