Buffett's firm invests in drugmaker Teva, trims Phillips 66

OMAHA, Neb. (AP) — Billionaire Warren Buffett's company on Wednesday revealed a new investment in struggling Israeli drugmaker Teva Pharmaceuticals and trimmed its holdings in oil refiner Phillips 66 by selling 35 million shares back to the company for $3.3 billion.

Berkshire Hathaway Inc. disclosed those moves and several other tweaks to its stock holdings in documents filed with the Securities and Exchange Commission.

Berkshire said it held 18.9 million shares of Teva at the end of the year, worth about $360 million.

Teva, the world's No....

5 Published By - Houston Chronicle - Technology and Science - 2018.02.15. 00:27
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