Warren Buffett Acquires $549 Million Stake in Kroger
Warren Buffett went grocery shopping the other day and ended up spending half a billion dollars. Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) revealed after the stock market closed on Friday that it had spent $549 million to acquire nearly 19 million shares of grocery store chain Kroger (NYSE: KR), the largest supermarket operator in the country.
The tranche of stock amounts to about a 2.3% ownership stake in the company, and makes Berkshire one of the top 10 shareholders in the grocer.
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Source Fool.com
