Southwest acknowledges Berkshire Hathaway takeover rumours
Southwest Airlines has acknowledged speculation that Berkshire Hathaway – already one of Southwest's largest investors – has interest in acquiring the carrier. Though such speculation has arisen before, renewed suggestions that Berkshire and its CE Warren Buffett might target for Southwest for a takeover surfaced Feb 28. Berkshire Hathaway owned 47.8m Southwest shares – 8.7% of Southwest's total shares – at the end of 2018. Twitter posts fuelled the most recent speculation, and Southwest's stock price jumped about 5% Thursday, closing the day up 4% at US$56.04. Southwest's most recent proxy statement says that in Feb 2018 California-based Primecap Management Company held the largest chunk of its shares, or 12%. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-03-01/unaligned/southwest-acknowledges-berkshire-hathaway-takeover-rumours
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Southwest acknowledges Berkshire Hathaway takeover rumours
Southwest Airlines has acknowledged speculation that Berkshire Hathaway – already one of Southwest's largest investors – has interest in acquiring the carrier. Though such speculation has arisen before, renewed suggestions that Berkshire and its CE Warren Buffett might target for Southwest for a takeover surfaced Feb 28. Berkshire Hathaway owned 47.8m Southwest shares – 8.7% of Southwest's total shares – at the end of 2018. Twitter posts fuelled the most recent speculation, and Southwest's stock price jumped about 5% Thursday, closing the day up 4% at US$56.04. Southwest's most recent proxy statement says that in Feb 2018 California-based Primecap Management Company held the largest chunk of its shares, or 12%. <br/>
