Thursday, February 27, 2014

Berkshire Buys More DaVita (DVA)

The stock is up 45 cents to $67.95
From CNBC:
Warren Buffett's Berkshire Hathaway purchased 1.13 million more shares of DaVita HealthCare Partners this week, raising its stake in the kidney dialysis company to 17.7 percent.

The purchases bring Berkshire's total stake in the company to 37.62 million shares. At Wednesday's close of $67.50, the stock had a market value of $2.54 billion.

An SEC filing said the purchases were made from Monday through Wednesday at prices between $66.12 and $68.

Berkshire has been buying DaVita shares since the fall of 2011. Last May, it agreed not to increase its stake above 25 percent. It also promised it would not push for board seats or launch a proxy fight....MORE