(Bloomberg) -- Berkshire Hathaway Inc. Chairman
Warren Buffett is ready to spend $40 billion to $60 billion on
an acquisition, and his opportunities are expanding as stocks
fall and leveraged buyouts dry up.
Shares of health insurers, steelmakers and department
stores are as much as 18 percent cheaper than in May, when
Buffett said he would ``figure out a way'' to come up with $60
billion for the right deal. WellPoint Inc., Nucor Corp., Kohl's
Corp. and dozens more companies are now closer to meeting his
investment criteria.
Read more at Bloomberg Exclusive News
Warren Buffett is ready to spend $40 billion to $60 billion on
an acquisition, and his opportunities are expanding as stocks
fall and leveraged buyouts dry up.
Shares of health insurers, steelmakers and department
stores are as much as 18 percent cheaper than in May, when
Buffett said he would ``figure out a way'' to come up with $60
billion for the right deal. WellPoint Inc., Nucor Corp., Kohl's
Corp. and dozens more companies are now closer to meeting his
investment criteria.
Read more at Bloomberg Exclusive News
No comments:
Post a Comment