| Date | Time | Source | |
| 06/24/2011 | 8:00AM | ZACKS | Berkshire Cuts Wesco Offer - Analyst Blog
Yesterday, Warren Buffett, the chairman and chief executive officer of conglomerate Berkshire Hathaway Inc. (BRK.A) (BRK.B) renegotiated the offering price to Wesco Financial Corp. (WSC) at $385.00 per share in cash. This is the third time that the price has been adjusted. In February 2011, Buffet had formally entered... More...>> |
| 06/23/2011 | 10:11AM | DJN | Berkshire Slightly Tweaks Per-Share Offer For Wesco
DOW JONES NEWSWIRES Warren Buffett's Berkshire Hathaway Inc. (BRKA, BRKB) slightly reduced the per-share offer price for the 19.9% of Wesco Financial Corp. (WSC) that it doesn't already own to account for changes in Wesco's investment portfolio, among other things. Berkshire said the per-share consideration is now $385... More...>> |
| 05/06/2011 | 4:35PM | BW | Wesco Financial Corporation Issues First Quarter 2011 Earnings
The unaudited consolidated net loss of Wesco Financial Corporation (NYSE AMEX:WSC) and its subsidiaries for the first quarter of 2011 amounted to $53,484,000 compared to net income of $12,327,000 for the first quarter of 2010. The 2011 figure included $34,259,000 of after-tax other-than-temporary impairment (“OTTI”... More...>> |
| 04/12/2011 | 1:18PM | BW | Wesco Financial Corporation Announces That It Will Not Be Holding an Annual Shareholders’ Meeting on May 4, 2011
Wesco Financial Corporation (“Wesco”) (NYSE AMEX: WSC) is not holding an annual meeting of shareholders on May 4, 2011. At this time, no annual meeting for 2011 has been scheduled because of the pending proposal to merge Wesco with and into a subsidiary of Berkshire Hathaway Inc. (“Berkshire”). Forward-Looking... More...>> |
| 03/07/2011 | 4:51PM | DJN | Berkshire's Buffett Says Stock Deal For Wesco Could Hurt Holders
DOW JONES NEWSWIRES Warren Buffett said Berkshire Hathaway Inc. (BRKA, BRKB) wasn't willing to pay more than book value to acquire the 19.9% of Wesco Financial Corp. (WSC) it doesn't already own, saying such a move would be disadvantageous to shareholders. In a January letter sent to a Wesco committee, Buffett said the... More...>> |
| 03/02/2011 | 6:08PM | BW | Wesco Financial Corporation Declares Cash Dividend
Wesco Financial Corporation’s (NYSE AMEX: WSC) Board of Directors declared a regular quarterly cash dividend of $0.42 per share payable June 9, 2011 to shareholders of record at the close of business on May 25, 2011. More...>> |
| 02/26/2011 | 8:00AM | BW | Wesco Financial Corporation Issues Calendar 2010 Earnings
Consolidated net income of Wesco Financial Corporation (NYSE AMEX:WSC) and its subsidiaries for the fourth quarter of 2010 amounted to $10,867,000 compared with $11,302,000 for the fourth quarter of 2009. Consolidated net income for the year ended December 31, 2010 was $72,212,000 compared with $54,073,000 for calendar... More...>> |
| 02/24/2011 | 5:53PM | BW | Faruqi & Faruqi, LLP Announces That a Class Action Lawsuit Has Been Filed Against Wesco Financial Corp. - WSC
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, announces that it has filed a class action lawsuit in the Court of Chancery of the State of Delaware, Krieger v. Wesco Financial Corp., et al., Case No. 6176, on behalf of the public shareholders of Wesco Financial Corp. (“Wesco”... More...>> |
| 02/10/2011 | 12:58PM | MWUS | Brower Piven Announces Class Action Lawsuit in Connection With the Possible Acquisition of Wesco Financial Corporation by Berksh
Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the Court of Chancery of the State of Delaware on behalf of all shareholders of Wesco Financial Corporation ("Wesco") (NYSE Amex: WSC). The complaint seeks to enjoin an alleged self-dealing transaction by which the controlling... More...>> |
| 02/08/2011 | 7:35PM | BW | Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Wesco Financial Corporation, in Connectio...
Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Wesco Financial Corporation (“Wesco” or the “Company”) (AMEX:WSC) related to the Company’s agreement to be acquired by Berkshire Hathaway, Inc. (“Berkshire Hathaway”). The proposed transaction... More...>> |
| 02/07/2011 | 7:53PM | BW | Robbins Umeda LLP Is Investigating Wesco Merger for Shareholders
Robbins Umeda LLP, a shareholder rights litigation firm, is investigating possible breaches of fiduciary duty and other violations of state law by members of the board of directors of Wesco Financial Corp. (AMEX: WSC) in connection with their efforts to sell Wesco to Berkshire Hathaway, Inc. (NYSE: BRK.A; BRK.B). The investigation... More...>> |
| 02/07/2011 | 9:29AM | DJN | UPDATE: Buffett's Berkshire Agrees To Buy Rest Of Wesco For $548 Million
Warren Buffett's Berkshire Hathaway Inc. (BRKA, BRKB) on Monday announced an agreement to acquire the 19.9% of Wesco Financial Corp. (WSC) that it doesn't already own for about $548 million. Shareholders will be entitled to about $387 per share, payable in either cash or Berkshire stock--though the price will change based... More...>> |
| 02/07/2011 | 9:25AM | DJN | CORRECT: Berkshire Hathaway Agrees To Buy 19.9% Wesco Stake For $547.6 Million
("Berkshire Hathaway Agrees To Buy 19.9% Wesco Stake For $547.6M," at 8 a.m. EST, misstated the month that Berkshire Hathaway announced its intention to buy Wesco in the second paragraph. Also, Munger's age was incorrect in the third paragraph. The correct version follows:) DOW JONES NEWSWIRES Berkshire Hathaway Inc. (BRKA... More...>> |
| 02/07/2011 | 8:30AM | DJN | Berkshire Hathaway Agrees To Buy 19.9% Wesco Stake For $547.6 Million
DOW JONES NEWSWIRES Berkshire Hathaway Inc. (BRKA, BRKB) agreed to acquire the 19.9% stake in Wesco Financial Corp. (WSC) it doesn't already own in a deal valued at about $547.6 million. Berkshire, run by billionaire Warren Buffett, in September announced its intention to acquire the rest of Wesco, a Pasadena, Calif... More...>> |
| 02/07/2011 | 7:00AM | BW | Berkshire Hathaway Inc. to Acquire Outstanding Common Stock of Wesco Financial Corporation Not Presently Owned
Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) and Wesco Financial Corporation (NYSE Amex:WSC) announced today that they entered into a definitive merger agreement, whereby Berkshire Hathaway will acquire the remaining 19.9% of the shares of Wesco’s common stock that it does not presently own in exchange for cash... More...>> |
| 02/01/2011 | 5:56PM | BW | Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Wesco Financial Corp. Proposed Going Private Transact...
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, announces updated information relating to its investigation into the Board of Directors of Wesco Financial Corporation (“Wesco” or the “Company”) (AMEX: WSC) for potential breaches of fiduciary duties in connection with the... More...>> |
| 01/20/2011 | 5:56PM | BW | Wesco Financial Corporation Declares Cash Dividend
Wesco Financial Corporation’s (AMEX:WSC) Board of Directors declared a regular quarterly cash dividend of $0.42 per share payable March 3, 2011 to shareholders of record at the close of business on February 3, 2011. This is an increase of $0.01 per share over the regular quarterly cash dividend of $0.41 per share paid... More...>> |
| 11/05/2010 | 6:12PM | BW | Wesco Financial Corporation Issues Third Quarter 2010 Earnings
Unaudited consolidated net income of Wesco Financial Corporation (NYSE AMEX:WSC) and its subsidiaries for the third quarter of 2010 amounted to $17,748,000 compared with $9,882,000 for the third quarter of 2009. Unaudited consolidated net income for the first nine months of 2010 was $61,345,000 compared with $42,771,000... More...>> |
| 10/07/2010 | 6:54PM | BW | Wesco Financial Corp. Announces the Retention of Greenhill & Co., LLC & Skadden, Arps, Slate, Meagher & Flom LLP as Advisors ...
Wesco Financial Corporation (NYSE Amex: WSC) announced today that the Special Committee of its Board of Directors has retained Greenhill & Co., LLC as its independent financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP as its legal advisor. The Special Committee, with the assistance of its financial and legal... More...>> |
| 09/09/2010 | 6:01PM | BW | Wesco Financial Corporation Declares Cash Dividend
Wesco Financial Corporation’s (AMEX:WSC) Board of Directors declared a regular quarterly cash dividend of $0.41 per share payable December 2, 2010 to shareholders of record at the close of business on November 4, 2010. More...>> |
