Berkshire Hathaway & Warren Buffet Message Board

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Non-Tech : Berkshire Hathaway & Warren Buffet

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To: 249443 who started this subject	9/18/2001 8:10:01 PM
From: 249443	Read Replies (1) of 240

Berkshire cancels bond purchase omaha.com Berkshire Hathaway Inc. on Monday canceled its purchase of $500 million in bonds from Finova Group Inc., a Scottsdale, Ariz., financial-services company that had filed for reorganization under the U.S. Bankruptcy Code. Berkshire said terms of the purchase, part of a bailout of Finova by a group of companies, allow it to cancel the deal in case of a suspension of trading on national securities exchanges or the start of armed hostilities. Although Berkshire didn't say so, the cancellation was apparently because of last week's terrorist attack and the closing of U.S. securities markets for four days last week.

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