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.