
Sign up to save your podcasts
Or
OMAHA, Neb.—As recently as February, Warren Buffett lamented he wasn’t finding much out there that was worth buying.
That is no longer the case.
After a yearslong deal drought, Mr. Buffett’s Berkshire Hathaway Inc. BRK.B -2.55% is opening up the spending spigot again. It forged an $11.6 billion deal to buy insurer Alleghany Corp. Y -0.62% , poised to be Berkshire’s biggest acquisition in six years. It bought millions of shares of HP Inc. HPQ -2.53% and Occidental Petroleum Corp. OXY -3.40% And it dramatically ramped up its stake in Chevron Corp. CVX -3.16% , making the energy company one of Berkshire’s top four stock investments.
OMAHA, Neb.—As recently as February, Warren Buffett lamented he wasn’t finding much out there that was worth buying.
That is no longer the case.
After a yearslong deal drought, Mr. Buffett’s Berkshire Hathaway Inc. BRK.B -2.55% is opening up the spending spigot again. It forged an $11.6 billion deal to buy insurer Alleghany Corp. Y -0.62% , poised to be Berkshire’s biggest acquisition in six years. It bought millions of shares of HP Inc. HPQ -2.53% and Occidental Petroleum Corp. OXY -3.40% And it dramatically ramped up its stake in Chevron Corp. CVX -3.16% , making the energy company one of Berkshire’s top four stock investments.