Berkshire Hathaway Inc. (BRKA, BRKB), which increased its Wells Fargo & Co. (WFC) stake to about 10% in the first quarter, is seeking regulatory approval to buy more shares, according to reports from Bloomberg News and CNBC.

In a filing with the Federal Reserve, Berkshire said it has no "specific transaction or dollar value in mind," Bloomberg reported.

Full story at http://www.bloomberg.com/news/articles/2016-07-01/buffett-applies-to-fed-to-expand-wells-fargo-holding-beyond-10 and

http://www.cnbc.com/2016/07/01/buffett-applies-to-fed-to-expand-wells-fargo-holding-beyond-10.html

Write to nymonitoring@dowjones.com

(END) Dow Jones Newswires

July 01, 2016 16:31 ET (20:31 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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