Buffett's Berkshire bought $2.07 bln BofA stock since mid-July, has 11.9% stake

Business news

Warren Buffett’s Berkshire Hathaway Inc has spent $2.07 billion on Bank of America Corp shares since mid-July, after winning regulatory permission to increase what was already its largest common stock holding other than Apple Inc. In a regulatory filing on Tuesday night, Berkshire said it paid $337 million for about 13.6 million Bank of America shares between July 31 and Aug. 4. Berkshire is the Charlotte, North Carolina-based lender’s largest shareholder.

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