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Warren Buffett buys 700 million shares in Bank of America, becomes largest shareholder

Warren Buffett’s Berkshire Hathaway said Friday it will amass a 700-million-share stake in Bank of America, making Buffett the largest shareholder in two of the nation’s largest banks. Berkshire said that it will convert warrants it purchased in Bank of America back in 2011, when the bank was struggling…
Source: Morningcall

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