Warren Buffett Continues to Be Clever
Warren Buffett’s Berkshire Hathaway (ticker: BRK.A) announced yesterday that it will buy the battery maker, Duracell, in a deal worth approximately $4.7 billion from Procter & Gamble (ticker: PG). In many ways, the purchase isn’t surprising since Duracell has many of the characteristics that Buffett likes: a strong global brand in an old, boring industry. What’s interesting about this deal, though, is that Buffett isn’t using cash from his $68.3… Read More