Greg Abel Signals New Berkshire Era With Kraft Heinz And Sirius XM Shakeup
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Greg Abel, in his first major move as Berkshire Hathaway CEO, is considering selling the company’s entire Kraft Heinz stake. Recent SEC filings, Kraft Heinz disclosures, and Berkshire’s board resignations at Kraft Heinz point to an intent to fully exit the investment. Berkshire is also exploring a sale of its position in Sirius XM as the business faces subscriber and competitive pressures. Berkshire Hathaway (NYSE:BRK.A), recently trading around $713,000.0 per Class A share, is entering a...
📄 Summary
Greg Abel, in his first major move as Berkshire Hathaway CEO, is considering selling the company’s entire Kraft Heinz stake. Recent SEC filings, Kraft Heinz disclosures, and Berkshire’s board resignations at Kraft Heinz point to an intent to fully exit the investment. Berkshire is also exploring a sale of its position in Sirius XM as the business faces subscriber and competitive pressures. Berkshire Hathaway (NYSE:BRK.A), recently trading around $713,000.0 per Class A share, is entering a...