ATLANTA AP - Russell shareholders overwhelmingly approved the sale of the company to Berkshire Hathaway at a brief shareholder meeting Tuesday.The merger was approved by 98 percent of the shareholders who voted, The Alexander City Outlook reported in a story for Wednesday. The initial deal is that Berkshire Hathaway will purchase Russell stock at $18 per share.
August 02, 2006 at 12:00 AM
1 minute read
ATLANTA AP – Russell shareholders overwhelmingly approved the sale of the company to Berkshire Hathaway at a brief shareholder meeting Tuesday.
The merger was approved by 98 percent of the shareholders who voted, The Alexander City Outlook reported in a story for Wednesday. The initial deal is that Berkshire Hathaway will purchase Russell stock at $18 per share. The transaction is valued at more than $600 million.
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