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AP National Business

Berkshire Hathaway buying Alleghany in $11.6B deal

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KMIZ

By
Published 5:52 AM

OMAHA, Neb. (AP) — Warren Buffett’s Berkshire Hathaway is buying insurance company Alleghany in a deal valued at approximately $11.6 billion. Berkshire will pay $848.02 per Alleghany Corp. share. Both companies’ boards approved the deal, which is expected to close in the fourth quarter. It still needs approval from Alleghany shareholders.

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