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« Cognizant Technology Rises on Earnings | Main | Historical Footnote to Today’s Election » November 3, 2009 Berkshire Hathaway to Split 50-for-1It finally happened. Warren Buffett's Berkshire Hathaway (BRKB) announced that it will split 50-for-1. These are the B shares, not the A shares which are still around $100,000. The Class A and B shares usually trade at a ratio of 30-to-1. If you own the Class A shares, you can convert it into 30 B shares, but not the other way around. The B shares, however, only carry 1/200th the voting power of the A shares. In other words, post-split, the B shares will be about 1/1500th of the A shares. Going by today's price, the B shares will be around $65. Posted by edelfenbein at November 3, 2009 10:47 AM |
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