"Berkshire had owned convertible notes of USG since 2008 and was effectively forced to convert the notes when they were called for redemption by USG in December 2013," says Warren Buffett in a statement . "This event triggered a filing requirement
(Reuters) - Warren Buffett's Berkshire Hathaway Inc agreed to pay an $896,000 fine to settle U.S. government accusations that it violated antitrust rules by failing to report a transaction that boosted its stake in building products company USG Corp.
At issue is Berkshire Hathaway ( BRK.A , BRK.B ) failing to report in a timely fashion its boosted voting stake in USG late last year (it swapped convertible notes into common stock). The company today agreed to pay a $896K civil penalty to
Aug 20 (Reuters) - Warren Buffett's Berkshire Hathaway Inc has agreed to pay an $896,000 civil penalty to the U.S. government for having failed to timely report that it had boosted its voting stake in building products company USG Corp .
By Zvi Bar : Warren Buffett is considered one of the best long-term investors, if not the best. His business, Berkshire Hathaway (NYSE: BRK.A ), (NYSE: BRK.B ), is a holding company that primarily holds several large positions in well-known American companies, and wholly owns many others. Most of
By John Vincent : This article is part of a series that provides an ongoing analysis of the changes made to Berkshire Hathaway's US stock portfolio on a quarterly basis. It is based on Warren Buffett's regulatory 13F Form filed on 08/14/2014. Please visit our Tracking 10 Years Of Berkshire ...
generally from within the company. The current CEO, Louis Gries, was appointed in 2005 after joining James Hardie from USG Corporation in 1991 and after extensive operational management experience at the Fontana plant in California. He is the only
into IBM, $200 million into Verizon, and anywhere between $100 million and $135 million each into GM, Liberty Global, USG , and Suncor. Even smaller amounts were added to holdings in Chicago Bridge & Iron, VeriSign, Wal-Mart, Visa, and US Bancorp
USG ’s building products are largely commoditized ..... difficult over a full market cycle. L&W, USG ’s building products distribution business ..... difficult business to manage through a cycle. USG should have strong cyclical tailwinds given
USG reported a disappointing second quarter, challenged ..... fair value estimate by $1 to $31 per share. USG didn't get the second-quarter demand rebound ..... company-specific, so we continue to believe USG is set up well for good earnings growth with