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Assicurazioni Generali S.p.A. (ARZGY)

Other OTC - Other OTC Delayed Price. Currency in USD
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11.00+0.15 (+1.38%)
At close: 10:18AM EDT
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  • Bloomberg

    Buffett Brings Generali Close to Completing Cattolica Purchase

    (Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. decided to tender its 7% stake in Italian insurance company Societa Cattolica di Assicurazione to Assicurazioni Generali SpA, which is seeking to take over the smaller rival, people familiar with the matter said. Most Read from BloombergWhy Americans and Britons Are Rushing to Buy Idyllic Homes in ItalyThe Top Money Maker at Deutsche Bank Reaps Billions From SingaporeCities' Answer to Sprawl? Go Wild.One of California’s Wealthiest Counties

  • Reuters

    UPDATE 2-Generali closer to controlling Cattolica after Buffett tenders shares - source

    Warren Buffett's Berkshire Hathaway has tendered its stake in Cattolica under a takeover offer by Assicurazioni Generali, a source close to the situation said on Friday. The move brings Italy's top insurer a step closer to controlling its smaller rival after Generali announced a 1.17 billion euro ($1.36 billion) buyout offer on Cattolica in May to further strengthen its domestic market leadership. The Trieste-based company became Cattolica's single largest shareholder with a 23.7% stake last year, relegating Berkshire Hathaway to second place when excluding the 12.3% held by Cattolica itself.

  • Reuters

    Generali closer to controlling Cattolica after Buffett tenders shares - source

    Warren Buffett's Berkshire Hathaway has tendered its stake in Cattolica under a takeover offer by Assicurazioni Generali, a source close to the situation said on Friday. The move brings Italy's top insurer a step closer to controlling its smaller rival after Generali announced a 1.17 billion euro ($1.36 billion) buyout offer on Cattolica in May to further strengthen its domestic market leadership. The Trieste-based company became Cattolica's single largest shareholder with a 23.7% stake last year, relegating Berkshire Hathaway to second place when excluding the 12.3% held by Cattolica itself.

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