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Warren Buffett is offering a German firm an interesting trade that could lead to a profitable takeover of one of his stocks - TL;DR CNBC

Warren Buffett is offering a German firm an interesting trade that could lead to a profitable takeover of one of his stocks

Publishing timestamp: 2018-03-26 19:30:10


Summary

Gebr. Knauf KG offered to buy USG for $42 per share, but USG rejected the offer as "wholly inadequate" despite support from Warren Buffett. USG believes their own strategy will deliver more value to shareholders. Berkshire Hathaway also offered Gebr. Knauf KG an option to buy its stake in USG for $2 per share.


Sentiment: MIXED

Tickers: A

Keywords: usg corpwarren buffettberkshire hathaway incbusiness news

Source: https://www.cnbc.com/2018/03/26/usg-soars-nearly-20-percent-as-it-spurns-a-buyout-offer-from-german-firm.html


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