Warren Buffett buys more USG

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Aug 03, 2006
USG Corp. said Warren Buffett's Berkshire Hathaway Inc. increased its stake in the company to 15 percent of outstanding common stock from 14.55 percent. Berkshire Hathaway recently acquired 6.97 million shares, bringing its holdings to 13.47 million shares, said Robert Williams, a spokesman for Chicago-based USG. Berkshire Hathaway bought the shares in connection with its role as backstop purchaser for USG's rights offering, completed on July 27.