Berkshire sells 182,980 DaVita shares, still has 45% stake in dialysis provider
Berkshire sells 182,980 DaVita shares, still has 45% stake in dialysis provider Aug 4 (Reuters) - DaVita DVA.N repurchased 182,980 of its own shares from Berkshire Hathaway BRKa.N for about $36.5 million, reducing Berkshire's stake in the kidney dialysis services provider to 28.97 million shares, or about 45%, according to U.S. Securities and Exchange Commission filings on Tuesday.
The repurchase took place on July 31. DaVita has an agreement with Berkshire to buy back enough shares on a quarterly basis to lower Berkshire's ownership stake to 45%. Berkshire has owned shares of Denver-based DaVita since the fourth quarter of 2011.
(Reporting by Jonathan Stempel in New York; Editing by Edmund Klamann)
((jon.stempel@thomsonreuters.com ; +1 646 223 6317; Reuters Messaging: jon.stempel.thomsonreuters.com@reuters.net /))
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