Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., said he's "on the prowl" for large acquisitions after the company's biggest subsidiaries posted record earnings in 2011.
Berkshire is seeking "to purchase some large operations that will give us a further boost," Buffett said today in his annual letter to shareholders. "We now have eight subsidiaries that would each be included in the Fortune 500 were they stand- alone companies. That leaves only 492 to go. My task is clear, and I'm on the prowl."
via sfgate.com
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