logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Berkshire Hathaway Completes Acquisition Of Alleghany Corporation

Oct 19, 2022•about 3 years ago

Acquiring Company

Berkshire Hathaway

Acquired Company

Alleghany

OmahaInsurtechInsuranceAdministrative ServicesArtificial IntelligenceScience And Engineering

Description

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.

Company Information

Company

Berkshire Hathaway

Location

Omaha, Nebraska, United States

About

Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, retailing and services. Common stock of the company is listed on the New York Stock Exchange, trading symbols BRK.A and BRK.B.

Related People

Sign in to view contact details

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed