Munger Halves Berkshire Stake

NEW YORK (TheStreet) -- Berkshire Hathaway vice chairman Charlie Munger, transferred almost 48% of his holdings of stock in the Omaha, Neb.-based conglomerate to a family trust, according to a report in The Wall Street Journal that cited a regulatory filing .

The sales of class B and class A shares add up to nearly $750 million, according to Bloomberg which based its tally on closing prices Nov. 4, the day the transactions were conducted.

The shares were distributed to a beneficiary of a community property revocable trust in which Munger was a co-trustee along with his wife, Nancy, who died in February, according to the Journal.

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By admin posted about 1 year ago