Aug
30

Buffett Faces Shareholder, ISS Resistance to Home Capital Deal

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  • Home Capital investors to vote on additional stake Sept. 12
  • Some investors say stake sale is dilutive and not needed

It’s not every day shareholders say no to Warren Buffett. Yet that’s exactly what Home Capital Group Inc. investors may do next month, adding to a series of rare setbacks for the billionaire investor this year.

Buffett’s Berkshire Hathaway Inc. needs shareholder approval to boost its stake in Home Capital, part of a C$2.4 billion ($1.9 billion) cash and stock lifeline for the Canadian lender that was on the verge of collapse just two months ago…

Buffett Faces Shareholder, ISS Resistance to Home Capital Deal

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Categories : Real Estate

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