Berkshire Hathaway Exercises Warrants to Buy 700 Mln Bank of America Shares to Become Top Shareholder

Berkshire Hathaway Exercises Warrants to Buy 700 Mln Bank of America Shares to Become Top Shareholder

Bank of America (BAC) said on Tuesday Berkshire Hathaway (BRK) has exercised its warrants to purchase 700 million shares of Bank of America common stock, and becoming its biggest shareholder. “In 2011, we welcomed Berkshire Hathaway as a shareholder, and we appreciate their continued support now as our largest common shareholder,” said Bank of America Chief Executive Officer Brian Moynihan. The bank said there will be no effect on future […]

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