Buffett's Berkshire Hathaway takes stake worth $4.2 bln in HP
Reuters2022.04.07 00:15
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Berkshire Hathaway Inc disclosed on Wednesday that it has purchased nearly 121 million shares of HP Inc , the latest in a series of large investments by the conglomerate controlled by billionaire Warren Buffett.
1/2 Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc's annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. REUTERS/Scott Morgan/File Photo
Register now for FREE unlimited access to Reuters.com April 6 (Reuters) - Berkshire Hathaway Inc (BRKa.N) disclosed on Wednesday that it has purchased nearly 121 million shares of HP Inc (HPQ.N), the latest in a series of large investments by the conglomerate controlled by billionaire Warren Buffett.
The investment was revealed in filings with the U.S. Securities and Exchange Commission, and was worth about $4.2 billion based on HP's closing stock price of $34.91.
HP shares rose about 7.6% in after-hours trading following the disclosure.
Register now for FREE unlimited access to Reuters.com Reporting by Jonathan Stempel in New York; Editing by Muralikumar Anantharaman Our Standards: The Thomson Reuters Trust Principles.
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