President Barack H Obama awards Warren Buffett the Presidential Medal of Freedom, 15 February 2011
Harry Reid Helps Warren Buffett Acquire Big Energy Firm: It would make Buffett’s holding company the nation’s ‘largest utility holding company.’
Burger King on Tuesday confirmed plans to acquire Ontario-based Tim Hortons for about $11 billion—creating a new company to be based in Canada with combined sales of $23 billion.Berkshire Hathaway Chairman and CEO Warren Buffett is helping to fund the deal by committing $3 billion of preferred equity financing. The news release on the deal did not disclose the terms for Berkshire, which is only a financing source and will not have any participation in the management and operation of the business.Under the deal, which has been approved by both boards, Tim Hortons shareholders will receive C$65.50 in cash and 0.8025 common shares of the new company for every Tim Hortons share. Based on Burger King’s closing stock price as of Friday, this represents a total value per Tim Hortons share of C$89.32. Based on Burger King’s closing stock price as of Monday, this represents total value per Tim Hortons share of C$94.05.
Does this mean that Warren Buffet is now officially more ‘evil, unpatriotic, and economically treasonous’ than The Evil, Unpatriotic, and Economically Treasonous Koch Brothers™?
I’m soooo confused.