In 1964, Buffett agreed to sell his shares back to owner Seabury Stanton for $11.50 each. However, upon receiving the offer letter from Berkshire, the number had changed to 11 3/8, or about $11.375.
On May 6, 1964, Berkshire Hathaway, then run by a man named Seabury Stanton, sent a letter to its shareholders offering to buy 225,000 shares of its stock for $11.375 per share. I had expected the ...
In 1964, Buffett agreed to sell his shares back to owner Seabury Stanton for $11.50 each. However, upon receiving the offer letter from Berkshire, the number had changed to 11 3/8, or about $11.375.
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