Warren Buffett’s Berkshire Hathaway invests nearly $800M in homebuilding giant Lennar
Warren Buffett’s Berkshire Hathaway made a major investment in Miami-based homebuilding giant Lennar, purchasing over 7 million shares for nearly $800 million in the first half of this year. Berkshire Hathaway bought 5.3 million shares of Lennar for $575 million in the second quarter, Berkshire revealed in a Securities and Exchange Commission filing on Thursday. The investment followed Berkshire’s purchase of 1.8 million Lennar shares for $222 million in the first quarter. The investment gave Lennar stock a major boost, with its stock trading at over $135 per share on Friday morning, or more than 4 percent higher than Thursday’s […]This article originally appeared on The Real Deal. Click here to read the full story.
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