PLAN - Acquisition Roundup: What Berkshire Hathaway and Anaplan's Latest Moves Mean for You
Two acquisitions were recently announced that will affect many investors' portfolios: Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) is buying reinsurance specialist Alleghany (NYSE: Y) , and Anaplan (NYSE: PLAN) is being taken over by private equity firm Thoma Bravo.
I like the move from Berkshire Hathaway. Warren Buffett and company have been sitting on the M&A sidelines for several years while their cash stockpile grew to more than $140 billion, but they have finally found a worthy asset at what they see as a worthy price.
On the other hand, Anaplan selling itself to a private entity in the wake of a huge downturn for growth stocks is frustrating.
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Acquisition Roundup: What Berkshire Hathaway and Anaplan's Latest Moves Mean for You