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Investorman

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Re: MrBankRoll post# 194

Saturday, 01/23/2010 3:34:28 AM

Saturday, January 23, 2010 3:34:28 AM

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Berkshire Hathaway, Inc. And Leucadia National Corporation Venture Wins Auction For Capmark Loan Unit-DJ
November 24, 2009

Dow Jones reported that according to Bloomberg News, a venture between Berkshire Hathaway Inc. and Leucadia National Corporation has won an auction for the loan-servicing group of bankrupt Capmark Financial Group Inc. The venture, called Berkadia, increased its offer by about $25 million to beat out an affiliate of PNC Financial Services Group Inc. (PNC). The deal is valued at about $468 million.
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