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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (3072)	8/15/2012 10:13:39 AM
From: richardred	1 Recommendation Read Replies (1) \| Respond to of 7256

Warren Buffett divests Intel holdings, buys stakes in oil-services firms Berkshire Hathaway Inc., the holding company controlled by billionaire investor Warren Buffett, disclosed in a regulatory filing on Tuesday that the company sold all of its 7.7 million shares of Intel Corp., the Washington Post reported. The Omaha, Neb.-based company also bought 2.8 million shares in National Oilwell Varco Inc. (NYSE: NOV) and 27 million shares of Houston-based Phillips 66 (NYSE: PSX), according to the report. Houston-based National Oilwell Varco operates an office in San Antonio that supplies frac sand handling equipment to oil-and-gas companies. bizjournals.com