DaVita down after Berkshire Hathaway cuts stake

Davita

14/02/2025 09:38

** Shares of DaVita  DVA.N  falls 10.8% to $158 in premarket
trade 
    ** Warren Buffett's Berkshire Hathaway  BRKa.N  sells
203,091 shares of the kidney dialysis services provider to bring
its holdings down to about 35.89 million shares, a 45% stake
worth nearly $6.4 billion
    ** Berkshire said sale was required pursuant to a share
repurchase deal, under which DVA agreed on a quarterly basis to
buy back enough shares to cut Berkshire's stake to 45%
    ** Berkshire has owned DVA shares since Q4 of 2011
    ** DVA gained 42.7% in 2024, and is up 18.4% YTD 

 (Reporting by Pranav Kashyap in Bangalore)
 ((Pranav.Kashyap@thomsonreuters.com; +919886482111;))