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Buffett is now Bank of America's top shareholder

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Billionaire investor Warren Buffett has become Bank of America's top shareholder.

Buffett's Berkshire Hathaway in 2011 invested $5 billion in the company during the recession.

Now, the company exercised a right as part of the deal to buy 700 million shares of the bank's common stock at a bargain-basement price.

Read more from USA Today.

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