Berkshire Hathaway Files With Fed to Boost Wells Fargo Stake -Reports
02 July 2016 - 6:46AM
Dow Jones News
Berkshire Hathaway Inc. (BRKA, BRKB), which increased its Wells
Fargo & Co. (WFC) stake to about 10% in the first quarter, is
seeking regulatory approval to buy more shares, according to
reports from Bloomberg News and CNBC.
In a filing with the Federal Reserve, Berkshire said it has no
"specific transaction or dollar value in mind," Bloomberg
reported.
Full story at
http://www.bloomberg.com/news/articles/2016-07-01/buffett-applies-to-fed-to-expand-wells-fargo-holding-beyond-10
and
http://www.cnbc.com/2016/07/01/buffett-applies-to-fed-to-expand-wells-fargo-holding-beyond-10.html
Write to nymonitoring@dowjones.com
(END) Dow Jones Newswires
July 01, 2016 16:31 ET (20:31 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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