By Tiernan Ray
Is Warren Buffett in trouble with the government? That’s the suggestion from The New York Post’s Josh Kosman, who this morning writes that the move by his Berkshire Hathaway (BRKA) on Monday to stop Kraft (KFT) from issuing new shares in its bid for Cadbury PLC (CBY) seems foul. The move may have been designed to protect Buffett’s holdings in privately held Mars, another candy maker, according to “sources familiar,” Kosman writes.
Buffett loaned Mars $4.4 billion in 2008 for the company to purchase Wrigley, and lent a further $2 billion following that, Kosman notes.
The article doesn’t actually say anyone from the U.S. Federal Trade Commission is looking into the matter, it merely quotes anti-trust lawyers who see a risk of that happening.
In any case, Berkshire’s “A” shares this morning are off by $118, a fraction of a percent, at $99,731. Kraft shares are down 4 cents at $28.93, and Cadbury is down 25 cents, half a percent, at $49.52, after last night’s Wall Street Journal story saying Cadbury’s board has been talking with Hershey (HSY) as a “White Knight” to make a rival bid to push out Kraft.
Share Investor Blog – Stockmarket & Business commentary
Share Investor New Zealand Business News– Get more business news
Discuss this topic @ Share Investor Forum – Register free
Share Investor’s Daily Forex Updates
Recommended Amazon Reading
 |
Of Permanent Value: The Story of Warren Buffett, 2006 Literary Edition by Andrew Kilpatrick Buy new: $35.00 / Used from: $15.00 Usually ships in 24 hours |
 |
The New Buffettology: The Proven Techniques for Investing Successfully in Changing Markets That Have Made Warren Buffett the World’s Most Famous Investor by Mary Buffett Buy new: $21.60 / Used from: $9.45 Usually ships in 24 hours |
From Amazon – Apple iPod touch 32 GB (3rd Generation) NEWEST MODEL
