For likely the first time ever, normally passive investor Warren Buffett fights a company's board
Publishing timestamp: 2018-05-04 11:43:02
Summary
Warren Buffett rebuked USG's board of directors for not negotiating with Gebr. Knauf KG over a takeover bid. Berkshire Hathaway, USG's largest shareholder, voted against the board of directors slate, prompting USG to start negotiations with Knauf. Buffett believes it's unprecedented for Berkshire to vote against directors.
Sentiment: NEGATIVE
Tickers: A,
Keywords: squawk box u.s., berkshire hathaway inc, business news, usg corp, warren buffett,