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Non-Tech : Berkshire Hathaway & Warren Buffet

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To: 249443 who started this subject2/17/2002 9:13:18 PM
From: 249443   of 240
 
Buffett invests in steakhouse

buffalonews.com

2/15/2002

OMAHA, Neb. (AP) - Billionaire investor Warren Buffett has put millions of dollars into national restaurant chain Outback Steakhouse.
Filings made public Thursday by the Securities and Exchange Commission indicate that Buffett's Berkshire Hathaway bought 1.8 million shares in the restaurant chain, worth about $47.5 million, sometime before March 31, 2001. By Dec. 31, that stake had increased in value to about $64 million.

Outback shares sold at $22.93 on March 22. They closed at $35.41 on Thursday.

Buffett, who owns The Buffalo News, International Dairy Queen and holds stock in Coca-Cola Co., invests in a wide range of industries, including insurance, carpeting and furniture.
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