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Berkshire Hathaway doubles Teva bet, confirms Apple purchases

Published 15/05/2018, 21:32
© Reuters. FILE PHOTO:    Berkshire Hathaway CEO Warren Buffett plays bridge during the Berkshire annual meeting weekend in Omaha, Nebraska
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(Reuters) - Warren Buffett's Berkshire Hathaway Inc (N:BRKa) on Tuesday said it has more than doubled its investment in generic drugmaker Teva Pharmaceutical (NYSE:TEVA) Industries Ltd (TA:TEVA), and confirmed it has become Apple Inc's (O:AAPL) second-largest shareholder.

Berkshire said it owned about 40.5 million Teva American depositary receipts (ADRs) worth about $693 million (£513 million) as of March 31, up from 18.9 million ADRs three months earlier.

The disclosure was made in a filing with the U.S. Securities and Exchange Commission detailing Berkshire's U.S.-listed stock holdings as of March 31.

© Reuters. FILE PHOTO:    Berkshire Hathaway CEO Warren Buffett plays bridge during the Berkshire annual meeting weekend in Omaha, Nebraska

Berkshire also said it boosted its Apple stake to about 239.6 million shares worth more than $40 billion as of March 31, up from 165.3 million shares three months earlier.

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