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News for the Warren E. Buffett fans

Warren E. Buffett secured a $4.5 Billion deal for a 60 percent stake in Marmon Holdings after just two weeks of talks. New York Times further reports that Mr. Buffett’s firm, Berkshire Hathaway would acquire the remaining 40 percent of Marmon over the next five or six years at a price that would be based on the future earnings of the company. In 2006, Marmon posted revenue of $7 billion and profit of $1 billion from operations like wire and cable, railroad tank cars and water treatment systems. More
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