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Non-Tech : Berkshire Hathaway & Warren Buffet
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To: 249443 who wrote (202)1/20/2002 10:57:01 PM
From: 249443   of 240
 
CORRECTED - Buffett sells some Dun & Bradstreet shares to firm

In NEW YORK story headlined ``Buffett sells most Dun & Bradstreet shares to firm'' please read in headline ``Buffett sells some Dun & Bradstreet shares to firm'' (makes plain sold only minority of Dun & Bradstreet shares held).

In second paragraph, please read ``Buffett's Berkshire, which owned about 6.9 million Dun & Bradstreet shares'' instead of ``...about 3 million Dun & Bradstreet shares...'' (corrects figure).

A corrected version follows.

NEW YORK, Jan 15 (Reuters) - Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRKa - news) sold $85 million worth of Dun & Bradstreet Corp. (NYSE:DNB - news) shares back to Dun & Bradstreet, the financial information firm said on Tuesday, announcing an extension of its share buyback plan.

Buffett's Berkshire, which owned about 6.9 million Dun & Bradstreet shares according to regulatory filings, sold 2.5 million of them back to Dun & Bradstreet at $34.04 per share. The private deal was worth $85.1 million.

The price was below Dun & Bradstreet's closing share price of $34.20 on Monday. Dun & Bradstreet shares fell 25 cents to $33.95 in early Tuesday trading on the New York Stock Exchange.

Dun & Bradstreet said the deal -- involving 3 percent of its outstanding shares -- would add to earnings per share this year.

The deal with Berkshire was in addition to Dun & Bradstreet's $100 million stock buyback plan, which was completed in December, the firm said.

``We believe our stock represents an attractive investment at current levels,'' said Allan Loren, Dun & Bradstreet's chief executive.
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