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For likely the first time ever, normally passive investor Warren Buffett fights a company's board - TL;DR CNBC

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 incbusiness newsusg corpwarren buffett

Source: https://www.cnbc.com/2018/05/04/for-the-first-time-ever-normally-passive-investor-warren-buffett-is-taking-a-fight-to-this-companys-board.html


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