
Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B), headed by CEO Warren Buffett, recently announced the acquisition of Alleghany Corporation (NYSE:Y), a property and casualty insurance company in a deal worth $11.6 billion, at $842.02 per share.
The acquisition is the largest that Berkshire has made since 2016, but ranks behind its previous $37-billion acquisition of Precision Castparts.