Post #4321 by rnam on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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Don't understand why Buffett/Abel agreed to such a complicated multi-phase deal? Was it at the insistence of the sellers?

Would have been better off just making an outright deal for the whole company, even if they paid a bit more up front.

BRK also replaced the CEO and CFO with Berkshire's managers. Though BRK normally does not replace managers of companies the buy. Maybe there were ill feelings which have festered and resulted in the lawsuit.

'We buy great companies who are run by great people and let them run their businesses locally,' Wright told Knox News. 'But there are times where Berkshire has decided to bring in their leadership team, under certain circumstances. I think they see this as just an opportunity to do so.'

https://www.knoxnews.com/story/money/business/2023...

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