Investing
Buffett's Bershire Hathaway (BRK) May Be Bidder For Northern Rock
Published:
Northern Rock may be the UK’s most troubled financial company. The Bank of England has put 26 billion pounds into the company and would like to get the money back.
According to The Sunday Telegraph "JC Flowers, Cerberus and the new consortium involving Olympus Partners and Five Mile Capital, the US private equity firms, are all understood to have discussed a deal with Warren Buffett’s advisers."
If Buffett appears to be part of a group buying the troubled UK firm, it may bring in even more bidders. His reputation is strong enough so that "smart money" could believe that he sees something in Northern Rock that others have missed.
Douglas A. McIntyre
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.