Berkshire Hathaway Completes Acquisition Of Alleghany Corporation For $11.6B

10/19/22 9:23:55 AM ET

Property-Casualty Insurers

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Berkshire Hathaway Inc. (NYSE:BRK, BRK.B))))) and Alleghany Corporation (NYSE:Y) today announced the completion of Berkshire Hathaway's acquisition of Alleghany. Holders of Alleghany common stock as of immediately prior to the closing of the transaction are entitled to receive $848.02 per share in cash, representing a total equity value of approximately $11.6 billion.

Upon the closing of the transaction, Alleghany became a wholly-owned subsidiary of Berkshire Hathaway. Alleghany continues to be led by Joe Brandon.

Goldman Sachs & Co. LLC served as financial advisor and Willkie Farr & Gallagher LLP served as legal advisor to Alleghany. Munger, Tolles & Olson LLP served as legal advisor to Berkshire Hathaway.

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Company	Date	Price Target	Rating	Analyst
Alleghany Corporation $Y	3/21/2022	$815.00	Outperform	Keefe Bruyette
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Berkshire Hathaway Completes Acquisition Of Alleghany Corporation For $11.6B

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SEC Form SC 13G/A filed by Alleghany Corporation (Amendment)

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