In many respects, HP (HPQ) has earned the stamp of approval from billionaire investor Warren Buffett.
Buffett’s Berkshire Hathaway revealed it owned 121 million shares of HP in a new filing Wednesday evening. The investment — valued at $4.2 billion — gives Berkshire Hathaway a roughly 11.4% stake in HP.
Shares surged 11% in pre-market trading.
“Berkshire Hathaway is one of the world’s most respected investors and we welcome them as an investor in HP Inc,” an HP spokesperson told Yahoo…
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