{"id":241276,"date":"2010-01-28T05:39:00","date_gmt":"2010-01-28T10:39:00","guid":{"rendered":"tag:blogger.com,1999:blog-3087194156628161158.post-6442054921997002574"},"modified":"2010-01-28T05:52:09","modified_gmt":"2010-01-28T10:52:09","slug":"wall-street-journal-munich-re-buffett-voting-rights-potentially-over-5","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/241276","title":{"rendered":"WALL STREET JOURNAL: Munich Re: Buffett Voting Rights Potentially Over 5%"},"content":{"rendered":"<p><!-- AddThis Button BEGIN --><\/p>\n<ul class=\"cMetadata metadataType-articleStamp\">\n<li class=\"dateStamp first\"><small>JANUARY 28, 2010, 4:41 A.M. ET<\/small><\/li>\n<\/ul>\n<pre><br \/>  By Ulrike Dauer<br \/>  Of DOW JONES NEWSWIRES<br \/><\/pre>\n<p> FRANKFURT (Dow Jones)&#8211;Munich Re AG (MUV2.XE) Thursday said billionaire investor Warren Buffett owned financial instruments as of Jan. 19 that could lift his voting rights in the company to 5.029%. <\/p>\n<p> Munich Re said in a regulatory filing that Buffett, the chairman of investment company Berkshire Hathaway Inc. (BRKA, BRKB), said &#8220;he directly or indirectly held financial instruments that granted him the right to subscribe to shares in our company&#8221; carrying 1.945% of voting rights. <\/p>\n<p> Buffett already held 3.084% in the company on that day, Munich Re said. The exercise date of the financial instruments is March 11. <\/p>\n<p> Financial instruments that Buffett held directly were through Berkshire Hathaway Inc., OBH Inc. and National Indemnity Company, which are controlled by Buffett, Munich Re said. <\/p>\n<p> A Munich Re spokeswoman said the company is &#8220;pleased about every investor, that&#8217;s a confirmation of our sustainable strategy.&#8221; She declined to comment further on the type of financial instruments and whether they will have to be exercised on March 11. <\/p>\n<p> According to the figures, Buffett was Munich Re&#8217;s largest investor on Jan. 19, ahead of Blackrock Inc. (BLK), which reported in December that it held 4.58% in the company. <\/p>\n<p> On Tuesday, Munich Re, one of the world&#8217;s largest reinsurers, said Buffett&#8217;s stake had gone above the 3% threshold on Jan. 18 to stand at 3.045%. <\/p>\n<p><a name=\"comments\"><span style=\"font-weight: bold;\">Share Investor Links<\/span><\/a><a name=\"comments\"><\/a><\/p>\n<p><a href=\"http:\/\/www.shareinvestorblog.com\/\">Share Investor Blog<\/a> &#8211; Stockmarket &amp; Business commentary<br \/><a href=\"http:\/\/shareinvestornz.blogspot.com\/2007\/02\/new-zealand-business-news.html\">Share Investor New Zealand Business News<\/a>&#8211; Get more business news<br \/>Discuss this topic @<a href=\"http:\/\/www.shareinvestorforum.com\/\"> Share Investor Forum<\/a> &#8211; <a href=\"http:\/\/shareinvestorforum.com\/ucp.php?mode=register&amp;sid=450a61250472e03fa25c205c9c1723f1\"><strong>Register<strong><\/strong><\/strong><\/a> free<br \/><a href=\"http:\/\/www.currency-market.blogspot.com\/\">Share Investor&#8217;s Daily Forex Updates<\/a><\/p>\n<p><span style=\"font-weight: bold;\">Recommended Amazon Reading<\/span><\/p>\n<table id=\"searchResults\" cellspacing=\"0\">\n<tbody>\n<tr class=\"clsOdd\">\n<td class=\"tdimage\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0553384619\"><img decoding=\"async\" src=\"http:\/\/ecx.images-amazon.com\/images\/I\/51hlhRX908L._SL75_.jpg\" alt=\"The Snowball: Warren Buffett and the Business of Life\" \/><\/a><\/td>\n<td class=\"tddescription\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0553384619\">The Snowball: Warren Buffett and the Business of Life<\/a> by <span class=\"by\">Alice Schroeder<\/span><br \/>Buy new:        $13.60       \/ Used from:        $11.85<br \/><span class=\"availability\">Usually ships in 24 hours<\/span><\/td>\n<\/tr>\n<tr class=\"clsEven\">\n<td class=\"tdimage\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0060555661\"><img decoding=\"async\" src=\"http:\/\/ecx.images-amazon.com\/images\/I\/41rcIrKhYiL._SL75_.jpg\" alt=\"The Intelligent Investor: The Definitive Book on Value Investing. 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ET By Ulrike Dauer Of DOW JONES NEWSWIRES FRANKFURT (Dow Jones)&#8211;Munich Re AG (MUV2.XE) Thursday said billionaire investor Warren Buffett owned financial instruments as of Jan. 19 that could lift his voting rights in the company to 5.029%. Munich Re said in a regulatory filing that Buffett, the chairman of [&hellip;]<\/p>\n","protected":false},"author":833,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-241276","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/241276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/833"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=241276"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/241276\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=241276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=241276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=241276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}