Berkshire Hathaway Inc. (NYSE: BRK.A) rises in price and buys Johnson & Johnson (NYSE: JNJ)

Buffett bought Johnson & Johnson (NYSE: JNJ) shares

In brief: Berkshire Hathaway Inc. (NYSE: BRK.A) makes a big deal. Johnson & Johnson (NYSE: JNJ) is returned to Warren Buffett. Analysts believe the deal successful.

Johnson & Johnson (NYSE: JNJ) shares become more popular. Berkshire Hathaway Inc. (NYSE: BRK.A) entrenched around 115,260.00 points, gaining +79.99 (0.07%). Johnson & Johnson shares fell to 58.01 points, losing -0.14 (-0.24%) yesterday. Meantime:

Berkshire Hathaway Inc. (NYSE: BRK.A) bought Johnson & Johnson shares. Warren Buffett sold Johnson & Johnson shares to finance investments in Goldman Sachs Group, General Electric, and Wm. Wrigley Jr. during the financial crisis. It is reported that Berkshire increased its stake in Johnson & Johnson by 73% to 41.3 million shares compared with 23.9 million shares, which the company owned by 31 March. It was purchased 4.4 million shares in the company’s provider of technology solutions for financial institutions. Warren Buffett uses Berkshire money to invest in stocks and bonds during last 7 years.

Anrey Torbinski
2010-08-17 09:42, Economics.

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