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May.15
5:28 PM ET
Thursday, 15 May 2008
Buffett's Berkshire Won't Bid for Royal Bank of Scotland's Insurance Unit - Dow Jones
Posted By:Alex Crippen
Topics:Warren Buffett
Companies:Royal Bank of Scotland Group | Berkshire Hathaway Inc.
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Matt Dunham / AP Dow Jones reports Warren Buffett's Berkshire Hathaway won't be bidding for the insurance unit of the Royal Bank of Scotland. |
It quotes Buffett's assistant, Debbie Bosanek, as saying, "Although we had looked at it, we are not participating in the bidding."
ALSO TODAY: BERKSHIRE REVEALS Q1 PORTFOLIO HOLDINGS - AMERIPRISE STAKE GONE
During a news conference at the Annual Shareholders Meeting in Omaha almost two weeks ago, Buffett had said Berkshire would take a look at the RBS unit, which is being sold to help rebuild the bank's capital position.
Current Berkshire price: [US;BRK.A
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