Isracar

Warren Buffet Buys Out Israeli Firm for $2 Billion

By Tzvi Ben-Gedalyahu

Warren Buffett’s Berkshire Hathaway is paying $2.05 billion for the remaining 20 percent of IMC International Metalworking Co, otherwise known as Isracar, completing the buyout that began with the giant $4 billion purchase of 80 percent of the company in 2006. “We are delighted to acquire the portion of the company that was retained by […]