![]() ![]() “This is a highly complimentary and very similar franchise,” Shanahan said. ![]() Edward Jones analyst Jim Shanahan said nearly one-third of Alleghany’s revenue came from those operating companies and its investments last year. “Throughout 85 years the Kirby family has created a business that has many similarities to Berkshire Hathaway.”Īlleghany’s core businesses are in property and casualty reinsurance and insurance, but like Berkshire, it also owns several other businesses, including a steel fabricator and a toy company, and manages an investment portfolio. “Berkshire will be the perfect permanent home for Alleghany, a company that I have closely observed for 60 years,” Buffett said in a prepared statement Monday. The all-cash acquisition of Alleghany will expand Berkshire’s already considerable insurance holdings, including brands like Geico auto insurance. That was on top of the more than $6 billion Berkshire spent acquiring shares of the oil producer over the past month. ![]() The Omaha, Nebraska, company revealed last week that it had compiled a 14.6 stake in Occidental Petroleum, snapping up an additional $1 billion worth of shares just between Monday and Wednesday. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |