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Berkshire Hathaway Inc. Message Board

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  • longjohnholder longjohnholder Aug 28, 1998 12:49 PM Flag

    Will the merger fail if BRK falls furthe

    Let me say first that I hope it doesn't fall
    through because I am the proud owner of GRN stock
    (purchase price $239 3/4), unless, of course, that GRN
    should track back up if the merger is cancelled (by the
    way, I just voted FOR the merger on my GRN proxy). But
    I sure wouldn't buy GRN here; I'd rather have BRK,
    since the shares are almost trading at parity. Yes, GRN
    shareholders are getting a raw deal at these prices. I can't
    speak for others, but, as of now, I haven't filed suit
    to block the merger. ljh

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • when do they give us the news?

      it's always
      been my secret fear that web made TOO good a deal.
      that's the hitch to these negotiations. negotiate too
      well & you come up with a lost deal. if deal falls
      through, then we have a bigger share of our assets in this
      worldwide financial morass. & i fear gen re stockholders
      don't want to own this either. but either way, web will
      have some cash to hunt bargains.

    • <<< Let me say first that I hope it
      doesn't fall through because I am the proud owner of GRN
      stock (purchase price $239 3/4), unless, of course,
      that GRN should track back up if the merger is
      cancelled (by the way, I just voted FOR the merger on my
      GRN proxy). But I sure wouldn't buy GRN here; I'd
      rather have BRK, since the shares are almost trading at
      parity. Yes, GRN shareholders are getting a raw deal at
      these prices. I can't speak for others, but, as of now,
      I haven't filed suit to block the merger. ljh
      >>>

      Your irony is well taken...

      Well, perhaps the
      GRN-owning part of you would make more if you voted against
      the merger now. My impression is that GRN shares
      could fetch more if GRN was put up for auction. And
      they could buy BRK stock individually, although that
      would have different tax implications.

      I mean,
      sure, Buffett and Ron Ferguson got a good deal, but I
      do not think that GRN shareholders did. As a owner
      of BRK I am reasonably happy about this, but I am
      afraid that GRN owners may disagree.

      Good luck to
      all

      • 2 Replies to ignoramus_
      • ........if there is concern among the GenRe stockholders about the merger, you would never know it from their msg board. It's been strangely silent for a week now.....

      • I actually thought about voting against this
        thing, but then I figured, "What the heck? No more
        shares than I have, it probably wouldn't matter anyway."
        Pathetic, huh? That's the same type of apathy that stuck
        this country with Clinton for 6 (and maybe even 8
        years). How true, how true. Clinton got the majority of
        the VOTE, but certaily NOT from a majority of
        Americans. Most Americans, in fact, sat out the both of the
        elections. So much for politics. I would commit all new
        money to BRK, rather than GRN. And I must admit, it's
        looking better and better all the time (if the super B's
        drop below $2,000, I'm in for more; ditto if the A's
        drop below $60,000--I figure that's at or below
        intrinsic value). ljh

 
BRK-A
229,300.00+6,500.00(+2.92%)Dec 18 4:01 PMEST

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