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HP stock acquired by Warren Buffett

Berkshire Hathaway, run by Warren Buffett, acquired a 11.4% stake in HP Inc.

  • Equates to 121 million shares or $4.2 billion, making it HP’s largest shareholder
  • HP’s share rose more than 17% following the disclosure
  • Investment firm UBS, downgraded the PC and printer maker on concerns over slowing consumer spending

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