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Berkshire’s Todd Combs Aided Buffett in Showdown Over USG Transaction

Berkshire’s Todd Combs Aided Buffett in Showdown Over USG Transaction

Berkshire's Todd Combs Aided Buffett in Showdown Over USG TransactionWarren Buffett’s investing deputy, Todd Combs, helped the billionaire investor in his effort to exit Berkshire Hathaway Inc.’s stake in USG Corp. Combs and Buffett held a call with Knauf, which was bidding for USG, and its bankers in March to propose an option for Knauf to acquire Berkshire’s stake in USG, according to a regulatory filing Friday. Berkshire later disclosed that Knauf option publicly, bringing to light a deal that would eventually result in a rare instance of Berkshire opposing USG management and a $7 billion bid from Knauf to buy the wallboard maker.

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