Warren Buffett acquires stakes in two companies
WASHINGTON, Feb 17 (Reuters) - Famed stock-picker and billionaire Warren Buffett said he acquired a 6.8 percent stake in Great
Lakes Chemical Corp stocksheet.com
an Indianapolis specialty chemical company, and an 8.1 percent stake in TCA Cable TV Inc stocksheet.com
a Tyler, Texas, cable TV systems operator.
Buffett, of Omaha, Neb., disclosed his stakes in the companies in separate 13G filings on Tuesday with the Securities and Exchange Commission.
The filings were made by a group that included Buffett and his holding
company, Berkshire Hathaway Inc (NYSE:BRKa - news).
Buffett's 6.8 percent Great Lakes stake equaled 4 million common shares while his 8.1 percent TCA Cable stake was worth 4,035,000 shares.
The SEC's 13G filings are usually made by institutions and large investors with ''passive'' investment objectives in a company. But unlike 13D filings, 13Gs do not list the latest transactions such as sales or purchases.
Great Lakes Chemical was up around $4 to nearly $40 on the New York Stock Exchange while TCA Cable was up about $3 to nearly $39 on Nasdaq in early-afternoon trading.
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