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Buffett’s conglomerate closes $11.6B Alleghany insurance buy
OMAHA, Neb. – Warren Buffett’s company completed its largest acquisition in years Wednesday with its $11.6 billion purchase of the Alleghany insurance conglomerate.
The purchase announced in March will further expand Berkshire’s sizeable insurance operations and add a few more companies to its stable, including a steel fabricator and toy company owned by Alleghany.
Alleghany shareholders received $848.02 cash per share as part of the deal.