Sunday, April 26, 2015

Home News Billionaire Warren Buffett may be seeing green

Billionaire Warren Buffett may be seeing green

General, Industry News, Supplier News, Misc.

Deere among 24 companies that meet takeover criteria.

| May 8, 2012

(bloomberg.com)
When it comes to acquisitions, Warren Buffett says his biggest deal is yet to come. That could attract the 81-year-old billionaire investor to companies from Deere & Co. (DE) to Henkel AG.

Buffett, Berkshire Hathaway Inc. (BRK/A)’s chief executive officer, said the $204 billion company he built with takeovers and stock picks will continue to grow and that his $34 billion purchase of Burlington Northern Santa Fe completed in 2010 “will not be the limit,” according to an interview with Bloomberg Television’s Betty Liu after Berkshire’s meeting with shareholders on May 5.

The world’s most successful investor is eyeing bigger acquisitions as Omaha, Nebraska-based Berkshire generates $1 billion a month in free cash flow, swelling the company’s cash pile to $37.8 billion. While Buffett said at the meeting that he recently passed on a $22 billion deal, Deere, the largest maker of agricultural equipment, and Henkel, the German maker of Loctite superglue, are among 24 companies similar to Burlington Northern in size that meet the takeover criteria in Berkshire’s annual report, according to data compiled by Bloomberg.

READ THE REST OF THIS ARTICLE>>>


PHOTO: Daniel Acker/Bloomberg

Top news

‘Environmentalists at heart’

Golf course architect Michael Hurdzan lauds the conservation efforts of superintendents.

Florida club approves major renovation plan

Golf course improvements part of $13.8 million enhancement at Collier’s Reserve Country Club.

Bayer announces EPA registration for Signature Xtra Stressgard

New fungicide for greens will be released in fall 2015.

Seeking "Reel" Sharp Minds

Everyone has an opinion sharpening and grinding techniques and philosophy. We want your insight on this topic.

RISE delivers pollinator petition to White House Council on Environmental Quality

Petition highlights steps industry is taking to support pollinators.

x