Phillips 66 To Repurchase 35 Million Shares from Berkshire for $3.3 Billion
Phillips 66 to repurchase 35 million shares from Berkshire Hathaway at $93.725 per share for $3.3 billion. Berkshire will retain 10% stake.
Dr. David Kass
PhD, Harvard University
Department of Finance
Robert H. Smith School of Business
University of Maryland
