Tag Archives: Wesco Financial

Daily Journal Corporation: Munger’s Last Standalone

By | December 19, 2011
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I first became interested in Daily Journal Corporation(DJCO) while reading Janet Lowe’s excellent Chralie Munger biography, Damn Right.  I have owned it in the past though not currently.  It consists of a declining but still profitable niche newspaper publisher, and with Berkshire Hathaway’s recent acquisition of Wesco, is the only company managed solely by Charlie Munger.  Beginning during… Read More »

Berkshire Hathaway and Wesco Reach Definitive Merger Agreement

By | February 7, 2011
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As reported previously, Berkshire Hathaway(BRK-B,BRK-A) announced its intention on August 25, 2010 to propose to Wesco(WSC) that it purchase the 19.9% of Wesco it did not already own. This morning, at long last, the two companies have announced a definitive merger agreement. Wesco shareholders will be able to elect cash or stock at what seems like a negligible… Read More »