BC-US--Berkshire Hathawa, 0140
Contributed by NAMPA / Associated Press.
Phillips 66 repurchases $3.3B in stock from Buffett's firm<
Eds: APNewsNow. May be updated after Berkshire Hathaway files quarterly update on its stock portfolio Wednesday afternoon.<
OMAHA, Neb. (AP) - Warren Buffett's company is selling 35 million shares of its Phillips 66 stock back to the oil refiner for $3.3 billion.
Berkshire Hathaway and Phillips 66 said this repurchase will let Buffett's company to reduce its investment below the 10 percent level that triggers additional regulation ...