Warren Buffett's firm sells 1.7M Moody's shares
OMAHA, Neb. (AP) — Warren Buffett's company has sold more than 1.7 million Moody's shares this week, but Berkshire Hathaway Inc. still owns nearly 12 percent of the credit ratings agency.
Berkshire still held 26.7 million Moody's shares after the sales it reported to the Securities and Exchange Commission on Wednesday.<?xml:namespace prefix = o />
But in March 2009, Berkshire held 48 million Moody's shares before it started selling.
Berkshire said it sold the Moody's shares this week at prices around $60 a share, so the stock sales would have generated more than $100 million for Buffett's Omaha-based firm.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.