Berkshire Hathaway Buys Back Shares, No Kraft Heinz Sale
Irvine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Berkshire Hathaway, led by new CEO Greg Abel, has resumed share buybacks, marking the first time in nearly two years. Abel, who bought Berkshire stock with his own pay, has no plans to sell the companys significant stake in Kraft Heinz, despite the latters paused split into two companies. Abel praised Kraft Heinzs new leader and emphasized Berkshires policy of repurchasing shares when they believe the stock is undervalued. Shares of Berkshires Class A stock surged following the announcement. Abel assured no major changes from Buffetts approach, including no dividends and continued deal-hunting.
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