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Tuesday, December 29, 2009

Berkshire Hathaway trims Moody’s stake further

Berkshire Hathaway on Friday offloaded nearly 88,000 shares of Moody’s Corp at $26.7682 apiece, a regulatory filing revealed, marking the sixth divestment in the ratings agency since July by Warren Buffett’s conglomerate.

The latest divestiture, which raised less than $2.4m (€1.7m), brought down Berkshire's stake in Moody’s to 13.4%, or almost 31.8 million shares.
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