Companies in the timber industry / Daily News / Global Trends / Forestry / Lumber / Sawmilling / Wood construction / Wood Products / Global / North America
November 21, 2022
Warren Buffet’s investment company buys stake in Louisiana-Pacific
In the course of the third quarter, the investment company Berkshire Hathaway, managed by Warren Buffett, acquired a total of almost 5.8 million shares in the US OSB manufacturer Louisiana-Pacific in two transactions, worth nearly $297 million. Louisiana-Pacific shares jumped nearly 9% after hours on the news. Berkshire Hathaway is one of the most coveted stocks and one of the biggest companies in the world. The conglomerate has made a name for itself, thanks to the investing prowess of Warren Buffett who acquired the company in the mid-1960s. The billionaire investor has ...
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