Serious Money: AIG Takeover by Fairholme Capital?

Filed under: Microsoft (MSFT), Berkshire Hathaway (BRK.A), McDonald's (MCD), Amer Intl Group (AIG), Chasing Value[TM]

Perusing through the 13D filings in Barron's November 29 issue I came across news reported by InsiderScore.com regarding American International Group, Inc. (AIG). It was noted that "Fairholme Capital raised its holdings to 39,990,099 shares (29%), by buying 1,765,900 shares from Nov. 5 to Nov. 16 at prices ranging from $41.72 to $43.59."



I do not usually make mention of such things but owning 29% of a company capitalized at $5.6 billion dollars is a lot. I would even go as far as to say that in some circumstances that might equate to controlling interest. Prior to "my pal Warren" (Buffett) making an offer to acquire the Burlington Northern Santa Fe Railroad for Berkshire Hathaway (BRK.A) it only owned 23% of the outstanding shares.

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Serious Money: AIG Takeover by Fairholme Capital? originally appeared on BloggingStocks on Tue, 30 Nov 2010 15:30:00 EST. Please see our terms for use of feeds.

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