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Buffett cuts Ameriprise stake to 6 percent

November 13, 2006

Berkshire Hathaway Inc. has lowered its stake in financial planning company Ameriprise Financial Inc. to 6 percent from 9.8 percent in March, a Monday regulatory filing showed.

Berkshire and its subsidiaries owned 14.72 million shares of Minneapolis-based Ameriprise as of October 31, down from 23.92 million shares as of March 29, according to the filing. Ameriprise spokesman Paul Johnson declined to comment.


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