Sunday, May 6, 2007

Berkshire's Buffett Envisions Acquisition of $40 Billion to $60 Billion

(Bloomberg) -- Berkshire Hathaway Inc.'s Warren Buffett often laments that his company has more cash than investment opportunities. Now he's envisioning a $40 billion to $60 billion acquisition that would require him to sell stocks to free up funds.

``I would hope something would come along where I would have to sell something that I like to buy something huge I like even better,'' Buffett, Berkshire's billionaire chairman, said yesterday at a press conference in Omaha, Nebraska. He would ``love'' to find a $40 billion acquisition and would ``figure out a way'' to come up with $60 billion for the right deal, he said in a later interview.


Read more at Bloomberg Currencies News

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