
1996-Afternoon Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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The Advantages of an in-Market Merger
The advantages of an in-market merger can be dramatic. Sometimes it just causes a bank to do what they should have done anyway. Well, Wells should repurchase their shares if they feel that they're repurchasing below intrinsic business value. And you should have to ask the question of them how they, what their calculus is of that.
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