President Barack H Obama awards Warren Buffett the Presidential Medal of Freedom, 15 February 2011
Last year:
This year:
Via CNBC:
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.
http://tinyurl.com/lhqep8r
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