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The Times of India
The Times of India
Business
Bloomberg

Warren Buffett thumbs nose at Goldman bankers with quirky deal price

Warren Buffett Goldman Sachs Berkshire Alleghany

Warren Buffett is telegraphing his disdain for Wall Street bankers with an oddball price on his latest multibillion-dollar takeover.

The $848.02 for every share that Alleghany Corp stockholders get from Berkshire Hathaway Inc is the result of Buffett balking at the banking fee being set aside by the target company -- in this case for Goldman Sachs Group Inc, which is advising the insurer.

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