Berkshire Hathaway Buys Alleghany for $848.02 per Share in $11.6 Billion Deal

• (PLX AI) - Berkshire Hathaway to acquire Alleghany Corporation for $848.02 per share in $11.6 billion deal.
• • The transaction was unanimously approved by both Boards of Directors
• • The acquisition price represents a multiple of 1.26 times Alleghany's book value at December 31, 2021, a 29% premium to Alleghany's average stock price over the last 30 days and a 16% premium to Alleghany's 52-week high closing price
• • To close in Q4