Berkshire stands firm on Wesco offer
September 02, 2010
NEBRASKA-based insurance and investment holding Berkshire Hathaway said Wednesday that it will not increase this week’s offer to pay around $500m offer to acquire the 19.9% stake that it doesn’t already own in Wesco Financial, calling the offered price “fair”. In a letter to the Wesco board, Berkshire said that the ultimate price per share would be determined at closing during Q4. The deal for California-based Wesco, which is run by...