Moving to a ‘Defensive’ Position : OH NO WE AREN’T
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Berkshire Hathaway Inc. said it isn’t considering investing in telephone companies to be sold in July in the breakup of Telebras, contrary to statements by a Brazilian money manager. Opportunity Capital, one of Brazil’s biggest money managers, said last week it has approached Warren Buffett, Berkshire’s chairman, about a joint bid.
“This is absolutely false,” said Marc Hamburg, Berkshire’s treasurer. “He’s never met or spoken with anybody.”
Hamburg had declined to comment last week on Opportunity’s statement.
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