Reported about 1 month ago
Warren Buffett's Berkshire Hathaway is reportedly poised to capitalize on an arbitrage opportunity linked to the upcoming merger between Sirius XM Holdings and Liberty Sirius XM Group, which is set to be finalized shortly. As this merger leads to a unique 1-for-10 reverse stock split aimed at increasing the share price and alleviating investor concerns regarding its large outstanding share count, Buffett's firm positions itself well in this transition, given Sirius XM's competitive advantages and attractive valuation despite the overall pricey stock market.
Source: YAHOO