Berkshire cuts stakes in major firms (business times (malaysia))

2010-02-17 | Source

NEW YORK: Berkshire Hathaway Inc cut stakes in Johnson and Johnson and Procter and Gamble Co as chairman Warren Buffett raised cash for the biggest acquisition of his career. Buffett's firm sold 26 per cent of its stake in Johnson and Johnson, 9 per cent of its Procter and Gamble, and 34 per cent of oil producer ConocoPhillips, Berkshire said yesterday in a regulatory filing. The stocks were the ...