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Buffett’s Berkshire to sell one-third of VeriSign stake
VeriSign, based in Reston, Virginia, said the sale of 4.3 million shares was intended to reduce Berkshire’s stake to below 10%, a threshold that triggers regulatory obligations. Berkshire may sell an additional 515,032 shares to meet demand. VeriSign will receive no proceeds from the sale.
Berkshire Hathaway sold about one-third of its stake in VeriSign , an internet infrastructure and domain name registry ...
Since first buying in 2012, Berkshire had built a 13.29 million?share position worth $4.07 billion before this sale, turning ...
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Why VeriSign (VRSN) Shares Are Trading Lower Today
What Happened? Shares of domain name registry operator Verisign (NASDAQ:VRSN) fell 8.5% in the morning session after news ...
Famed investor Warren Buffett is booking profits and selling down his stake in internet domain registry Verisign (VRSN).
VeriSign has one of the most defensive and predictable business models, and Berkshire Hathaway recently increased its stake. Click to read why VRSN is a Hold.
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