RSS Feeds

At a Glance: Recent Berkshire acquisitions, offers

Friday - 6/22/2012, 2:36pm  ET

By The Associated Press

(AP) - Warren Buffett's Berkshire Hathaway continued a burst of deal-making this week with the announcement that it is buying the Waco Tribune-Herald, a Texas newspaper published in the hometown of Baylor University. The deal fits with Buffett's stated interest in buying small and medium-sized newspapers in places with a strong sense of community.

Here are the highlights of Berkshire's recent activities, including several newspaper deals:

_ In a recent filing, Berkshire disclosed its offer to buy some of Residential Capital's assets out of bankruptcy.

_ Berkshire disclosed this month that it owned 3.2 percent of newspaper publisher Lee Enterprises' stock at the end of March.

_ Berkshire said this month that it is buying the Bryan-College Station Eagle newspaper in Texas from privately held Evening Post Publishing Co. of Charleston, S.C.

_ In May, Berkshire announced a deal to buy 63 newspapers from Media General Inc. for $142 million. Berkshire also is lending $445 million to Media General. In return, Berkshire is getting a 19.9 percent stake in Media General and a seat on its board.

_ Berkshire offered to help finance Coty Inc.'s proposed $10.7 billion takeover of Avon Products Inc., but that deal fell apart in May after Avon didn't respond before Coty's deadline.

_ Berkshire disclosed a new 10 million share stake in General Motors Co. at the end of March and boosted its investment in Wal-Mart Stores Inc. by almost 8 million shares to 46.7 million shares.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)