Berkshire Hathaway acquires Alleghany

Berkshire Hathaway To Acquire Alleghany Corporation For $848.02 Per Share In $11.6 Billion Transaction

03/21/22, 9:31 AM

Location

omaha

Industry

insurance

administrative services

artificial intelligence

science and engineering

Berkshire Hathaway (NYSE:BRK.A; BRK.B) and Alleghany Corporation (NYSE:Y) today jointly announced they have entered into a definitive agreement under which Berkshire Hathaway will acquire all outstanding Alleghany shares for $848.02 per share in cash. The transaction, which was unanimously approved by both Boards of Directors, represents a total equity value of approximately $11.6 billion. The acquisition price represents a multiple of 1.26 times Alleghany’s book value at December 31, 2021, a 29% premium to Alleghany’s average stock price over the last 30 days and a 16% premium to Alleghany’s 52-week high closing price.

Company Info

Company

Berkshire Hathaway

Location

Omaha, Nebraska, United States

Company info

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.

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omaha	$41.3 M	671.5%
artificial intelligence	$7.5 B	-66.1%
science and engineering	$189.1 M	-89.4%