Berkshire Hathaway, billionaire Warren Buffett's conglomerate, revealed in SEC filings Tuesday that the company has increased its stake in Lee Enterprises to the tune of 3.23 million shares. That just about doubles the amount of Lee stock Berkshire Hathaway owns, which it first acquired when Buffett ... More >>
Late Tuesday, Berkshire Hathaway -- the conglomerate controlled by investment wizard Warren Buffet -- was forced by SEC fiat to disclose that it had bought $2.1 million worth of shares in Lee Enterprises, parent company of the Post-Dispatch. So naturally, here's what happened:
Matt Wirz of the Wall Street Journal reports that famed investor Warren Buffett, "the Oracle of Omaha," has purchased $85 million of Lee Enterprise's debt through his Berkshire Hathaway investment company. The purchase translates to a four percent ownership of the company, which itself owns th ... More >>
