(BRK.A), (BRK.B)
Berkshire Hathaway has invested $3 billion to acquire 4.42 million shares of Berkshire Hathaway Energy (BHE) previously owned by the family of Walter Scott, Jr. This purchase now gives Berkshire full ownership of its energy division. Scott, who passed away on September 25, 2021, at the age of 90, had a long-standing relationship with Berkshire, serving as a board member and close friend of CEO Warren Buffett. Beyond his ties to Berkshire, Scott was a prominent businessman, leading Kiewit Corporation as CEO and serving as chairman of Level 3 Communications.
© 2024 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.