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Berkshire Hathaway to buy Alleghany Corp. for $11.6B

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Warren Buffett's Berkshire Hathaway penned an acquisition deal.

The company plans to purchase property and casualty reinsurance business Alleghany Corp. for $11.6 billion.

Joseph Brandon, who is months into the job as CEO of Alleghany, previously ran Berkshire Hathaway’s General Re business.

Read more from MarketWatch.

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