AP Images
- Warren Buffett’s firm Berkshire Hathaway is sitting on a record amount of cash.
- UBS speculates that the company could make an acquisition exceeding $ 160 billion this year, perhaps in the utilities sector.
Berkshire Hathaway has never had this much cash, so naturally people have wide-ranging ideas for how the Warren Buffett-led juggernaut might use it.
UBS, for one, thinks the company should make a splashy acquisition — one that could exceed a whopping $ 160 billion. The bank arrives at that figure by factoring in the record $ 109 billion cash Berkshire has on hand, and combining it with the company’s strong free cash flow.See the rest of the story at Business Insider
NOW WATCH: Microsoft President Brad Smith says the US shouldn’t get ‘too isolationist’
See Also:
- MORGAN STANLEY: These 15 companies are the most likely to get bought this year
- Amazon, Berkshire Hathaway, and JPMorgan are creating a new healthcare company to tackle the ‘hungry tapeworm’ of rising costs
- Wall Street thinks tax reform will give a huge boost to one crucial area of the market
