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Swiss Reinsurance Co & Berkshire Hathaway Inc	Update Date: 02/17/09
Date Announced: 02/05/09
Value (million $USD): 2.59 billion U.S. Dollar 3.00 billion Swiss Franc

Status: Pending

TRANSACTION DETAILS
Date Announced	02/05/09
Date Originally Announced	02/05/09
Format	Acq. Part. Int.	Acquisition techniques	Open Market Purchase
Attitude	Friendly	Agency	Unspecified Regulatory Auth.
Value	2.59 billion U.S. Dollar 3.00 billion Swiss Franc	Advisor Fees	n/a

SYNOPSIS
SWITZERLAND - Berkshire Hathaway Inc planned to raise its stake to 25% from 5% in Zurich-based Swiss Reinsurance Co by acquiring a 20% stake, or 70.611 mil ordinary shares in the open market for 3 bil Swiss francs ($2.590 bil US).

TARGET
Name	Swiss Reinsurance Co (Zurich : RUKN)
Industries	Accidental and health insurance; Fire, marine, and casualty insurance; Surety insurance; Banks
City	Zurich
State	n/a
Nation	Switzerland
Incorporated in	n/a
Public Status	Public
Business Description	Swiss Reinsurance Co, headquartered in Zurich, Switzerland, provides life and non-life insurance and reinsurance services, including property liability, motor, accident, health, marine, aviation, credit and engineering insurance and banking services. The company was founded in 1863.
Advisors	Evercore Partners
Target Sales	28.27 billion U.S. Dollar 31.66 billion Swiss Franc

ACQUIROR
Name	Berkshire Hathaway Inc (BRKA)
Industries	Men's and boys' work clothing; Women's, misses', & juniors' outerwear, nec; Miscellaneous homefurnishings stores; Men's footwear, except athletic; Women's footwear, except athletic; Footwear, except rubber, nec; Footwear; Brick and structural clay tile; Structural clay products, nec; Plastering, drywall, acoustical & insulation work; Roofing, siding, and insulation materials; Offices of holding companies, nec
City	Omaha
State	NE
Nation	United States
Incorporated in	DE
Public Status	Public
Business Description	Berkshire Hathaway Inc, located in Omaha, Nebraska, is an insurance holding company that provides insurance and reinsurance of property, casualty risks and reinsurance life, accident and health risks services. The company also manufactures and distributes variety of clothing and footwear. It also manufactures and distributes clay brick, concrete blocks and cut limestone. It produces water and solvent-thinnable general purpose architectural coatings; fiber glass wool insulation products for walls and floors, and pipe, duct and equipment insulation products; nonwoven mats, fabrics, and fibers used as reinforcements in building and industrial applications; and roofing systems and components. The company was founded in 1889.
Advisors	NULL
Acquiror Sales	111.24 billion U.S. Dollar

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