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Berkshire to Pay $4.5 Billion for Pritzkers' Marmon
Submitted on 12/26/2007
Warren Buffett's Berkshire Hathaway Inc. will pay $4.5 billion to gain control of Marmon Holdings Inc., the Pritzker family's closely held collection of 125 companies, in what may be his biggest non-insurance acquisition.
Berkshire will take a 60 percent stake and buy the rest later, the Omaha, Nebraska-based firm said. The Pritzkers, who control Global Hyatt Corp., built Marmon into a group with $7 billion in annual sales that includes a 61,000-car railroad leasing subsidiary.
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