Berkshire Hathaway to buy back shares

IndustrialsReuters

(Reuters) - Warren Buffett's conglomerate Berkshire Hathaway said on Monday it will launch a share buyback program, an extremely rare move from Buffett that comes after months of investor complaints the stock was undervalued.

Berkshire said it would buy back Class A and Class B shares at a premium of no more than 10 percent to book value per share.

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(Reporting by Ben Berkowitz)