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4-Traders Homepage  >  Equities  >  Nyse  >  Berkshire Hathaway    BRK.A

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Berkshire Hathaway : White & Case Advises Pilot Flying J on Significant Minority Investment by Warren Buffet's Berkshire Hathaway

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10/05/2017 | 02:10pm CEST

NEW YORK, Oct. 3 -- White and Case, a law firm, issued the following news release:

Global law firm White & Case LLP announced today that it has advised Pilot Flying J and its shareholders, the Haslam Family, on the investment in a significant minority stake by Berkshire Hathaway.

Berkshire Hathaway, the listed multinational conglomerate chaired by Warren Buffet, will acquire a 38.6 percent equity stake in the company, while the Haslam family will continue to own a majority of Pilot Flying J. In 2023, Berkshire will become the majority shareholder by holding an 80 percent equity stake and the Haslam family will retain 20 percent ownership in the company and remain involved with Pilot Flying J. The investment will provide a platform for Pilot Flying J's growth opportunities.

Pilot Flying J, headquartered in Knoxville, Tennessee, is the largest operator of travel centers in North America, with more than 27,000 team members and 750 locations across the US and Canada, and more than US$20 billion in revenues.

The White & Case team that advised on the transaction was led by partner Oliver Brahmst, with support from partners Dan Latham, J. William Dantzler, Holt Goddard and Rebecca Farrington, as well as associates Adam Cieply, Daniel Kozin, Mecaila Chapman, Kathrin Schwesinger, Jordan Kobb, Lauren Kim and Isaac Tendler.

Targeted News Service, source News Service

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Financials ($)
Sales 2017 241 B
EBIT 2017 25 659 M
Net income 2017 19 881 M
Debt 2017 -
Yield 2017 -
P/E ratio 2017 23,44
P/E ratio 2018 22,91
Capi. / Sales 2017 1,94x
Capi. / Sales 2018 1,92x
Capitalization 466 B
Chart BERKSHIRE HATHAWAY
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Berkshire Hathaway Technical Analysis Chart | BRK.A | US0846701086 | 4-Traders
Technical analysis trends BERKSHIRE HATHAWAY
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 299 900 $
Spread / Average Target 5,8%
EPS Revisions
Managers
NameTitle
Warren Edward Buffett Chairman & Chief Executive Officer
Marc D. Hamburg Chief Financial Officer & Senior Vice President
Charles Thomas Munger Vice Chairman
David Sanford Gottesman Independent Director
Walter Scott Independent Director
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