Buffett’s Berkshire Hathaway takes stake worth $4.2 billion in HP
By Metro US
FILE PHOTO: 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
(Reuters) – 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.
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.
(Reporting by Jonathan Stempel in New York; Editing by Muralikumar Anantharaman)
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