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Buffett, Soros Boosted GM Stakes
Billionaire investors Warren Buffett and George Soros beefed up their stakes in General Motors Co. in the fourth quarter of 2014, The Wall Street Journal reports, citing regulatory filings.
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Billionaire investors Warren Buffett and George Soros beefed up their stakes in General Motors Co. in the fourth quarter of 2014, The Wall Street Journal reports, citing regulatory filings.
Both men hiked their investments before hedge fund representative Harry Wilson announced he will seek a seat on GM's board and push for an $8 billion stock buyback.
The filings show Buffett's Berkshire Hathaway Inc. increased its GM stake to 41 million shares from 40 million. Soros fund Management boosted its investment to 4.9 million shares from 4.2 million.
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