Berkshire Realizes $11.7B Profit on Warrant Exercise, Becomes Largest BofA Shareholder

Berkshire Hathaway exercised its warrants to purchase 700 million shares of common stock of Bank of America. The deal makes Warren Buffett’s Berkshire the largest common shareholder of Bank of America.

Reuters: Global M&A Volume Rises on Large U.S. Deals

Reuters reported that U.S. deal activity surged 62% during the first quarter bolstered by a series of deals valued at over $5 billion.

Berkshire, 3G Capital to Acquire H.J. Heinz for $28 Billion

H.J. Heinz announced it has entered into a merger agreement to be acquired by an investment consortium comprised of Berkshire Hathaway and 3G Capital in deal valued at $28 billion, including outstanding debt.