Two companies backed by Warren Buffett strike deals worth a combined $8.6 billion - Business Insider

in early July to buy most of Dominion Energy's natural-gas assets after several months of inactivity, perhaps giving the green light for its portfolio companies to also strike big deals., or more than 4% of the shares outstanding. The conglomerate also held around 14 million StoneCo shares, giving it a 5.1% stake.

Those positions are worth about $588 million and $742 million respectively, based on the two companies' closing stock prices on Tuesday. Liberty Global shares are slightly down this year, while StoneCo has beenBerkshire will provide an update on those holdings when it discloses its portfolio as of June 30 later this week.

Liberty, whose chairman is media mogul John Malone, has agreed to pay 110 Swiss francs per share per Sunrise share — a 32% premium to Sunrise's volume-weighted average share price over the past 60 days. StoneCo will pay cash and stock worth a total of 33.8 Brazilian reals per Linx share, representing a 42% premium to Linx's volume-weighted average share price over the 60 days to August 6.Disclosure: TD Ameritrade is a partner of Insider, Inc.'s business development team, which is separate from its editorial department. We may receive a commission if you open an account.Something is loading.

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