Tuesday, May 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

West Coast Turf names John Marman VP of sales and marketing

Anthony Pulizzano added to sales team.

BASF launches 2015 holiday spray promotion

Receive up to 8% earned credit on Intrinsic brand fungicides from May 18 until Aug. 31.

Trojan Battery establishes R&D center in Ireland

Facility to focus on advanced material development.

Integrity Golf promotes Ed Whalley to CFO

Whalley will oversee company’s accounting team.

Scout ahead

Test your turf and use reports from other courses to keep ahead of the annual bluegrass weevil.

x