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marmon holdings

January 2, 2008

Marmon Holdings, an international association that is owned by the Pritzker family and made up of more than 125 manufacturing and service businesses with combined revenues of $7 billion, is to sell 60% of its shares to Berkshire Hathaway, the conglomerate owned and managed by billionaire Warren Buffett, for $4.5 billion.

Marmon Holdings, an international association that is owned by the Pritzker family and made up of more than 125 manufacturing and service businesses with combined revenues of $7 billion, is to sell 60% of its shares to Berkshire Hathaway, the conglomerate owned and managed by billionaire Warren Buffett (pictured), for $4.5 billion.

The remaining 40% will be acquired by Berkshire Hathaway through staged acquisitions over a five to six year period. Prior to closing, Marmon will make a substantial distribution of cash and certain assets to the selling shareholders.

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