Hints and tips:
...Berkshire, which owns 80% of Wesco, offered to pay other investors book value for their stock, which had been trading at a discount to that measure since early June....
...Mr Munger has described Wesco’s existence as a separate publicly traded entity as a ‘historical accident’....
...In recent years, the value of Wesco’s shares relative to Berkshire’s made such a deal difficult....
...Wesco Financial’s Pasadena headquarters are a blur of earth tones and cloudless sky....
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