Subject: Re: Repurchases
"Glad we gave a nice offer to the Scott estate"

Thanks. I remember now. Warren paid market price for the Scott estate shares, even though the purchases were off-market.

Not sure we are talking about the same thing, but Warren issued new shares to the estate of Walter Scott in exchange for the last of the BHE shares.


Other long-time shareholders like the Gottesman shares were repurchased directly (the mechanics are actually Ruth donates appreciated stock to Med School -> Berkshire immediately buys the block directly from the Med School).


I do think that we will look back on this buy-in of the last of the minority interest in BHE as a very attractive price.