CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our Risk Disclosure Statement
Open platformOpen platform

DaVita buys back $69 million shares from Berkshire, which retains 45% stake

By Reuters News

Oct 29 (Reuters) - DaVita DVA.N paid about $69 million to buy back 382,563 of its own shares from Berkshire Hathaway BRKa.N, which retained a 45% stake in the kidney dialysis services provider following the repurchase, according to US Securities and Exchange Commission filings on Thursday.

The transaction took place on October 27 and reduced Berkshire's stake in DaVita to about 28.31 million shares. DaVita has an agreement with Berkshire to repurchase enough shares on a quarterly basis to lower Berkshire's ownership stake to 45%. Berkshire has owned shares of Denver-based DaVita since the fourth quarter of 2011.

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk