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WSJ ran an article this morning by Dennis K. Berman on possible takeover candidates for Warren Buffett’s Berkshire Hathaway.
In selecting the companies, Berman used criteria laid out by Buffett himself in his shareholder letter. Buffett is exact on his target criteria: big, industrial businesses with near-monopoly positions and solid sales growth; at least $75 million in pretax income; market values of about $5 billion to $20 billion.
The following companies are said to fit the bill:
Illinois Tool Works (ITW) Automatic Data Processing (ADP) Kennametal Inc. (KMT) Expeditors International of Washington Inc.(EXPD) Schindler Holding Corp. (SHLRF) W. W. Grainger (GWW)
Read the full text at WSJ here
Watch the video from WSJ on the subject:
And CNBC discussion on the same topic:
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Buffett's next big buy out could be USG. I think it is simply a matter of time. Buffet and his convertable notes give him well over a 30% stake. Once that conversion happens, I think Buffett will quickly offer to buyout the comapny.
Prem Watsa, FWIW is also a 15%+ holder of USG.
Together those two control over half the company (remember those convertable notes!)