<p>Warren Buffett's Berkshire Hathaway Inc said on Monday it plans to purchase Alleghany Corporation in an all-cash deal valued at $11.6 billion.</p>.<p>Berkshire Hathaway has offered $848.02 for each share of Alleghany, a premium of more than 25 per cent to the company's closing price on Friday.</p>.<p>Founded in 1929 by railroad entrepreneurs Oris and Mantis Van Sweringen, Alleghany operates primarily in property and casualty reinsurance and insurance through subsidiaries and investments.</p>.<p>The deal is expected to close in the fourth quarter of 2022 and Alleghany will operate as an independent unit of Berkshire Hathaway after closing.</p>.<p><em><strong>Check out the latest DH videos here:</strong></em></p>
<p>Warren Buffett's Berkshire Hathaway Inc said on Monday it plans to purchase Alleghany Corporation in an all-cash deal valued at $11.6 billion.</p>.<p>Berkshire Hathaway has offered $848.02 for each share of Alleghany, a premium of more than 25 per cent to the company's closing price on Friday.</p>.<p>Founded in 1929 by railroad entrepreneurs Oris and Mantis Van Sweringen, Alleghany operates primarily in property and casualty reinsurance and insurance through subsidiaries and investments.</p>.<p>The deal is expected to close in the fourth quarter of 2022 and Alleghany will operate as an independent unit of Berkshire Hathaway after closing.</p>.<p><em><strong>Check out the latest DH videos here:</strong></em></p>