Warren Buffett, CEO of Berkshire Hathaway Inc., stated that they made only a single notable acquisition. Reports from an insurance filing indicate that Berkshire paid $2.76 billion to acquire 38.6% of stake in Pilot Travel Centers.
The U.S. Securities and Exchange Commission has no real figures of the transaction of acquisition since Berkshire did not state the price during the unveiling in October, and they haven’t done so in the recent subsequent reports either.
Buffett is active in the market to make acquisitions to get returns from the lots of cash they accrued, other than just insurance-related business. Berkshire is to become the majority shareholder as the share acquisition is expected to rise to 80% by 2023. Jimmy Haslam is to remain in charge of 20% of the parent company.