Berkshire Hathaway (BRK.A / BRK.B) announced the completion of its acquisition of Alleghany (Y) (281.67)
“Berkshire Hathaway Inc. (BRK.A, BRK.B) announced on March 21, 2022 , that it is acquiring insurance company Alleghany Corporation (Y) for $11.6 billion, paying $848.02 in cash per share. This represents premiums of 29% to Alleghany’s average price over the past 30 days and 16% to its 52-week high closing price.”
Nice little acquisition. No net change in estimated IV until the numbers are consolidated.
Anyone know the amount of Alleghany’s float? Float + book?
Float=13B I believe.