Berkshire Hathaway Buys Back $1.2 Billion of its Shares at $131,000 Per Share

Berkshire Hathaway announced the purchase of $1.2 billion of its Class A shares at $131,000 per share.  Berkshire also raised the price limit  for repurchases to 120% of book value from the previous limit of 110%.  The book value of Berkshire on September 30, 2012 was $111,718 per share.  This implies that Berkshire may buy back shares at prices up to $134,000 per share.