Source: Sina Finance

Under Buffett$Berkshire Hathaway-A (BRK.A.US)$/$Berkshire Hathaway-B (BRK.B.US)$It was announced on Tuesday that it has acquired the remaining 20% of the shares in Pilot Travel Centers (Pilot Travel Centers), the largest travel service center operator in the US, from the Haslam (Haslam) family, and the latter has thus become a wholly-owned subsidiary of Berkshire.

Financial terms of the deal were not disclosed. Previously, Berkshire had bought 80% of Pilot's shares at a price of nearly 11 billion US dollars, but in October of last year, the Haslam family accused Buffett's deputies of revising accounting rules, drastically reducing the value of the remaining 20% of the shares.

Earlier this month, the Haslam family and Berkshire settled the lawsuit, avoiding a two-day trial originally scheduled to begin on January 8.

“Berkshire now owns 100% of the Pilot Travel Center,” Berkshire said in a statement. The statement also stated that Haslam's sale of the Pilot “takes effect immediately.”

editor/tolk