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OMAHA, Neb. (AP) - Berkshire Hathaway Inc. on Wednesday announced that it is buying Applied Underwriters, a San Francisco-based underwriting company.
Berkshire Hathaway, the Omaha investment vehicle run by billionaire Warren Buffett, said in a news release that Applied Underwriters will continue to be run by its founders, Chief Executive Officer Sidney Ferenc and Chief Operating Officer Steven Menzies.
Terms of the sale were not disclosed, and Ferenc and Menzies declined to release details of their company, such as financial information and the total number of employees.
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