Tuesday, May 8, 2018

RPT-Apple and Buffett saw value, and acted

Apple Inc was not the only one to leap on a chance to buy its stock at a fat discount last quarter as Warren Buffett stepped in to scoop up an additional 75 million shares for Berkshire Hathaway at the same time. Between them - the two biggest players in the iPhone maker's shares - they bought nearly one of every 10 Apple shares traded during the quarter, according to Thomson Reuters calculations.

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