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13 April 2022
Warren Buffett Becomes HP Largest Shareholder
PALO ALTO, CALIFORNIA—
Berkshire Hathaway has disclosed that it has purchased nearly 121 million shares of HP Inc . HP is the largest equipment manufacture to the printing industry.The investment gives Berkshire a roughly 11.4% stake in HP, worth about $4.2 billion based. Berkshire Hathaway conglomerate controlled by billionaire Warren Buffett. Berkshire Hathaway is now HP largest share holder .
Berkshire Hathaway's investment makes the rumour of Xerox taking another run at buying control of HP highly unlikely . It has restarted the rumour that HP might try to buy part or all of Xerox. Industry analysts kept saying the industry needs more consolidation of suppliers. Recent resignations of Xerox board members are adding more questions . Xerox's largest share holder Carl Icohn also has shares in HP.
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