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To: benwood who wrote (86402)9/23/2008 7:31:40 PM
From: Sr K  Respond to of 116555
 
BRK direct deals with public companies are announced the same day, especially since Reg FD.

Similar deals for preferred were made with Gillette and Salomon, and were announced pretty quick. For Gillette it was to beat back an offer by Perelman and for Salomon it was part of a change of management. He also did a preferred deal with AXP where he put the shares into a Trust so he didn't have or he had limited voting rights.