Acquiring Company
Berkshire Hathaway
Acquired Company
Alleghany Corporation
OmahaNew YorkManufacturingEnergyInsurtechInsuranceFinancial ServicesScience And EngineeringArtificial IntelligenceAdministrative ServicesFinanceInsuranceDescription
Berkshire Hathaway Inc. (NYSE:BRK.A; BRK.B) and Alleghany Corporation (NYSE:Y) today announced the completion of Berkshire Hathaway’s acquisition of Alleghany. Holders of Alleghany common stock as of immediately prior to the closing of the transaction are entitled to receive $848.02 per share in cash, representing a total equity value of approximately $11.6 billion.
Quick answer
Berkshire Hathaway is acquiring Alleghany Corporation, announced October 19, 2022. Berkshire Hathaway is based in Omaha, Nebraska, United States.
- How much did Berkshire Hathaway pay for Alleghany Corporation?
- The deal value was not disclosed.
- What does Berkshire Hathaway do?
- Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, retailing and services.
- Where are Berkshire Hathaway and Alleghany Corporation based?
- Berkshire Hathaway is based in Omaha, Nebraska, United States. Alleghany Corporation is based in New York, New York, United States.
- Who are the decision-makers at Berkshire Hathaway?
- Fundz holds 2 contacts at Berkshire Hathaway. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Alleghany Corporation?
Alleghany Corporation was acquired by Berkshire Hathaway, based in Omaha. The deal was reported on October 19, 2022. Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, retailing and services. Berkshire Hathaway is publicly traded (BRK-B) and operates in Manufacturing.
When did Berkshire Hathaway acquire Alleghany Corporation?
Berkshire Hathaway's acquisition of Alleghany Corporation was reported on October 19, 2022. Berkshire Hathaway Inc. (NYSE:BRK.A; BRK.B) and Alleghany Corporation (NYSE:Y) today announced the completion of Berkshire Hathaway’s acquisition of Alleghany. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Alleghany Corporation do?
Alleghany Corporation is a financial holding company that operates in the insurance and reinsurance sectors. The company focuses on providing insurance solutions through various subsidiaries and has a strong presence in the market. It is privately held, operating in Financial Services, and is based in New York.
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