From The Motley Fool · Rich Smith · · 40s
Berkshire Hathaway Buys Bending Spoons Stock
Berkshire Hathaway's $330m stake in Bending Spoons stock jumps 40.65% after IPO.
In brief
Berkshire Hathaway's $330m stake in Bending Spoons stock jumps 40.65% after IPO. Berkshire Hathaway bought $330 million worth of Bending Spoons stock at a 13% discount to Tuesday's close, driving shares up 40.65%. Originally reported by The Motley Fool.
Berkshire Hathaway's $330m stake
Berkshire Hathaway spent $330 million to grow its stake in Bending Spoons to 4% at a private purchase price of $33 per share.
Stock price jumps 40.65%
Bending Spoons shares rose 40.65% through 10:35 a.m. ET Wednesday after Berkshire's announcement.
13% discount to Tuesday's close
Berkshire bought shares at a 13% discount to Tuesday's closing price, netting a 55.5% gain on the investment.
Here's the gist
Berkshire Hathaway bought $330 million worth of Bending Spoons stock at a 13% discount to Tuesday's close, driving shares up 40.65%.
