Alleghany

Alleghany Corporation approves the acquisition of Berkshire Hathaway, marking one of its largest deals in 2024. The move expands its portfolio amid strategic consolidation in the insurance sector. Details on the transaction size or terms remain undisclosed.

Jun 2022Insurance BusinessNews article

Berkshire Hathaway acquires Alleghany Corporation in a stockholder-approved merger. The deal, announced in March 2022, involves a cash purchase of $848.02 per share. Alleghany’s stockholders voted to adopt the merger agreement, finalizing the acquisition.

Jun 2022PR NewswireNews article

Warren Buffett’s Berkshire Hathaway completes its largest acquisition in over a decade by purchasing Alleghany Corporation for **$11.6 billion**. The deal marks Buffett’s first major investment since 2016, expanding Berkshire’s insurance and financial services footprint. Alleghany specializes in property and casualty insurance, reinsurance, and asset management, aligning with Berkshire’s core competencies. The transaction reflects Buffett’s return to aggressive deal-making after years of holding large cash reserves.

Mar 2022Yahoo FinanceNews article

Berkshire Hathaway acquires Alleghany Corporation for $11.6 billion, offering $848.02 per share in cash. The deal reflects a 29% premium over Alleghany’s 30-day average price and a 26% premium over its book value as of December 31, 2021. The acquisition expands Berkshire’s presence in the insurance sector.

Mar 2022InvestopediaNews article