Warren Buffett buys large stake in Pilot Flying J
He's going to buy 38.6% and plans to become the largest stakeholder over six years. Clicky Bill
Forum Discussion
coolmom42 wrote:
I expect it has something to do with the Haslam family getting out of the business. The governor of Tennessee, Bill Haslam, is going to run for the US Senate in 2018. The Haslam family says there is no connection in this article but.... cash on hand is always good.
The Haslam family will still own 50.1% but will decrease that to 20% by 2023, and Berkshire-Hathaway becoming the majority stockholder at that point.
Haslam announced yesterday he won't run. He realized after his tenure as Governor he ha no chance of being elected.
Instead Tn House Speaker Diane Blackburn will run instead. She will lose also.
