×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Posco | Buffett | Buy | Shares

Posco: Buffett Wants to Buy More Shares

Tuesday, 19 January 2010 07:16 AM

South Korea's Posco said on Tuesday U.S. investor Warren Buffett, whose investment vehicle owns 4.5 percent of the world's No.4 steelmaker, had indicated he wanted to buy more Posco stock.

Posco said in a statement that the U.S. billionaire said he wanted to own more Posco stocks after missing the opportunity to buy them on dips last year when the global financial crisis depressed equity asset values.

The comments were made while Posco Chief Executive Chung Joon-yang visited Buffett's Berkshire Hathaway headquarters in Omaha, Neb., on Monday, Posco said.

Shares in Posco, worth $46 billion, have enjoyed steady recovery momentum since last year, more than doubling from a 2009 low in March to hit a two-year high of 633,000 won ($561.45) last week.

© 2022 Thomson/Reuters. All rights reserved.


Headline
South Korea's Posco said on Tuesday U.S. investor Warren Buffett, whose investment vehicle owns 4.5 percent of the world's No.4 steelmaker, had indicated he wanted to buy more Posco stock. Posco said in a statement that the U.S. billionaire said he wanted to own more Posco...
Posco,Buffett,Buy,Shares
123
2010-16-19
Tuesday, 19 January 2010 07:16 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved