Berkshire Hathaway Acquires Alleghany Corporation for $11.6 Billion

October 19, 2022

Berkshire Hathaway and Alleghany Corporation entered into a definitive agreement under which Berkshire Hathaway will acquire all outstanding Alleghany shares for $848.02 per share in cash, valuing the deal at approximately $11.6 billion. Alleghany will continue to operate as an independent subsidiary at first, and the transaction ultimately closed with Alleghany becoming a wholly owned subsidiary of Berkshire Hathaway.

Buyers
Berkshire Hathaway Inc.
Targets
Alleghany Corporation
Location
New York, United States
Transaction Type
Buyout

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