“Berkshire Hathaway is one of the world’s most respected investors and we welcome them as an investor in HP,” an HP spokesperson said.
Warren Buffett’s Berkshire Hathaway Inc. has found another way to put even more of its money to work, purchasing a stake in HP Inc. valued at more than US$4.2 billion.
The disclosure that the billionaire investor’s company holds about 121 million shares in the computer company sent HP’s stock surging, with shares climbing 15% to US$40.08 at 9:37 a.m. in New York. Berkshire bought some of the stock earlier this week in multiple transactions, according to a regulatory filing late Wednesday.
