Thursday 26 April
Powered by Ajaxy
Apr 30, 2016 @ 11:52

Billionaire Mario Gabelli says he’s got a hot deal for Warren Buffett

 

Berkshire Hathaway has been in the auto dealership business for about a year now, and value investor Mario Gabelli said Friday that Warren Buffett might want to consider buying AutoNation.

“If you want a big elephant, there’s a 100 million shares of AutoNation” with a market value of more than $5 billion, Gabelli told CNBC’s “Squawk Box” in a wide-ranging interview from Omaha, Nebraska, a day before Saturday’s Berkshire shareholders meeting.

In 2015, Berkshire completed its acquisition of Van Tuyl Group, which at the time was the nation’s largest privately held car dealership chain. The new company was renamed Berkshire Hathaway Automotive.

Tags: , ,

Related Stories
US retail behemoth Walmart is in preliminary talks to acquire health insurer Humana, the Wall
Billionaire Saudi Prince Al-Waleed bin Talal says all is forgiven after his three-month detention in
Berkshire Hathaway, the holding company of US billionaire investor Warren Buffett, received a stunning $29
Chinese conglomerate Fosun snapped up the ailing French fashion label Lanvin Thursday and promised to


Read full Article here »

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.