Joined Nov 11, 2007
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Old Man Buffet Goes on a Hunt

“Billionaire investor Warren Buffett says he continues looking for a major acquisition for his Berkshire Hathaway, but he’s not willing to pay more to compete with other bidders.

Buffett says Berkshire has lost out on a couple of major acquisitions in recent years because private equity firms are bidding aggressively with borrowed money. Berkshire doesn’t borrow for acquisitions.

The Berkshire chairman and CEO said Wednesday during an interview on CNBC that Berkshire has about $40 billion cash on hand currently.”

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