Monday, May 19, 2008

Buffett, Seeking Deals, Meets With Business Owners in Frankfurt (BRK.A)

From Bloomberg:

Billionaire Warren Buffett meets today with business owners in Frankfurt as he looks outside the U.S. for acquisitions to spur profit growth at his $200 billion Berkshire Hathaway Inc.

The world's wealthiest person, starting a four-city European tour in Germany's financial capital, is seeking to form relationships that may lead to purchases by his Omaha, Nebraska- based investment and holding company.

``If you have a great business, it's best to not sell it,'' Buffett told reporters at the Berkshire annual meeting in Omaha earlier this month. ``But when the time comes, whether for taxes or siblings, we want to be the first ones they think of.''>>>MORE