Battle of the Billionaires? Buffett with HP, Icahn with Xerox? I'm putting my bets on Warren.
https://www.reuters.com/business/buffetts-berkshire-hathaway-takes-stake-worth-42-bln-hp-2022-04-07/
Berkshire Hathaway Inc disclosed on Wednesday that it has purchased nearly 121 million shares of HP Inc, the latest in a series of large investments by the conglomerate controlled by billionaire Warren Buffett.
The investment gives Berkshire a roughly 11.4% stake in HP, worth about $4.2 billion based on the personal computing and printing company's closing stock price on Wednesday of $34.91.
Shares of HP rose 9.9% to $38.38 in after-hours trading after Berkshire disclosed the stake in filings with the U.S. Securities and Exchange Commission.