5.5 Percent: Warren Buffet’s Stake In IBM Through Berkshire HathawayNovember 14, 2011 4:17 pm
We spotted this today:
“Warren Buffett’s Berkshire Hathaway Inc. acquired a 5.5 percent stake in International Business Machines Corp., the world’s biggest computer-services provider, as the billionaire chairman accelerated stock purchases.
The holding of about 64 million shares was acquired mostly in the third quarter and cost $10.7 billion, Buffett told CNBC in an interview today. That means his company paid an average of about $167.19, compared with IBM’s Nov. 11 close of $187.38. IBM advanced to $188.85 at 7:58 a.m. in early trading in New York”
Statistics Source: BusinessWeek