No. of Recommendations: 1
“ This sale reduced Berkshire’s ownership in VeriSign from 14.2% to 9.6%, bringing the stake below the 10% threshold that would trigger additional regulatory obligations.
The sale price represented a 7% discount to VeriSign’s (NASDAQ:VRSN) closing price on Monday of $305.98. The remaining VeriSign (VRSN) shares held by Berkshire (NYSE:BRK.A) are now subject to a one-year lockup period.
Berkshire originally began building its stake in VeriSign in 2012, when shares traded at less than one-sixth of current levels, reflecting a significant long-term gain for the conglomerate.“
