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Berkshire Hathaway has converted much of its debt in building products company USG into more than $600 million of common stock.
Jan 2- Warren Buffett's Berkshire Hathaway Inc has converted much of its debt in building products company USG Corp into more than $600 million of common stock in a successful investment made in the wake of the financial crisis.
Some of the names on the move ahead of the open.
SYDNEY, Oct 17- Shares in Australian building materials maker Boral jumped as much as 8 percent on Thursday after it announced a $1.6 billion plasterboard joint venture with its U.S. peer USG Corp.. The joint venture will be owned 50 percent by Boral and 50 percent by USG, for which USG will pay up to $575 million to Boral, according to statements by the two companies.
Check out which companies are making headlines after the bell Wednesday:
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CHICAGO-- Shares of USG Corp. rose Thursday after the building products maker said its third-quarter loss shrank. In the three months ended Sept. 30, the Chicago company reported a loss of $29 million, or 28 cents per share.
Housing stocks have rallied 14 percent from their low at the beginning of the month, and 31 percent so far this year.
Cramer makes the call on viewers' favorite stocks.
Following are moves you might have missed. Find out what’s going up, what’s going down and whether our traders would double down, fade or run in the other direction!
Considering the recovery in housing is in very early stages, does USG have a lot more room to run? Or is it all priced in, already?
Here are the 15 publicly traded stocks, by value, that are the biggest holdings of Berkshire Hathaway.