Wesco Financial (AMEX:WSC)
Historical Stock Chart
3 Years : From May 2010 to May 2013
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 advisors, is evaluating the
non-binding proposal received on September 1, 2010 from Berkshire
Hathaway Inc. to acquire the remaining 19.9% of the shares of Wesco’s
common stock that it does not presently own in exchange for shares of
Berkshire Hathaway Class B common stock and/or cash, at the election of
the shareholder. The Berkshire proposal is expressly conditioned upon,
among other things, approval of the transaction by the Special Committee
and a majority of the shares of Wesco common stock voted at a meeting
called to consider the transaction that are not owned by Berkshire.
There can be no assurance that an agreement on terms satisfactory to the
Special Committee will result from the proposal submitted by Berkshire
Hathaway or that any transaction will be completed.
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