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Berkshire Hathaway's Stake in Moody's Falls Below 15%

Thursday, 10 Dec 2009 | 9:36 PM ET

Berkshire Hathaway stake in Moody's has dropped just below 15 percent, after Warren Buffett's company sold more than 2.7 million shares over two days, raising almost $68 million.

Berkshire held over 20 percent of Moody's shares six months ago.

With 35,357,393 shares remaining, however, Berkshire is still the credit rating agency's largest shareholder by far.

A filing with the SEC shows Berkshire sold 2,004,946 shares at a weighted average price of $25.0381 through multiple transactions on Monday, December 7. Another 704,346 shares were sold at an average price of $24.8074 on Tuesday, December 8.

They are the first reported sales since just over 1.1 million shares were sold in late October.

Berkshire has sold 12.6 million shares, raising a total of $335.6 million since it started reducing its Moody's position in late July. All the sales have been made at times when the stock was trading in the mid-to-high $20s. Average selling price: $26.55. Current price:

Berkshire's Moody's Sales

Date Shares Sold Price/Share Total Price
July 20 1,817,000 $28.7269 $52,196,777
July 21 3,915,100 $26.9188 $105,389,794
July 22 2,254,200 $26.6425 $60,057,524
September 1 366,761 $26.8104 $9,833,009
September 1 421,127 $27.5988 $11,622,600
September 2 6,500 $26.3246 $171,110
October 28 1,133,027 $24.8637 $28,171,243
October 29 19,600 $25.2728 $495,347
December 7 2,004,946 $25.0381 $50,200,038
December 8 704,346 $24.8074 $17,472,993
TOTAL 12,642,607 $26.55 $335,610,435
Source: SEC Filings

Berkshire stock prices:

Class A:

Class B:

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