Berkshire Hathaway Inc. - BRK.A STOCK NEWS

Berkshire Hathaway Inc. will release its third quarter earnings and Form 10-Q on November 5, 2022, at around 7:00 a.m. Central time.

The earnings report will be accessible on their official website, www.berkshirehathaway.com. Berkshire Hathaway operates in various sectors, including insurance, utilities, transportation, and more, with stock listings on NYSE under symbols BRK.A and BRK.B.

Forward-looking statements are included but are subject to change.

AM Best has placed under review with positive implications the Financial Strength Ratings (FSR) of A+ (Superior) and Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa-" (Superior) for Transatlantic Reinsurance Company and its subsidiaries, as well as for Alleghany Corporation (NYSE: Y) and RSUI Indemnity Company. This action follows Berkshire Hathaway Inc.'s acquisition of Alleghany, which is likely to bolster the ratings due to Berkshire's financial resources. Three companies are affected, including Capitol Indemnity Corporation, whose ratings have also been placed under review.

Berkshire Hathaway has successfully completed its acquisition of Alleghany Corporation, with shareholders receiving $848.02 per share in cash. The total equity value of this transaction amounts to approximately $11.6 billion. Alleghany will continue to operate as a wholly-owned subsidiary under the leadership of Joe Brandon. Financial advisory was provided by Goldman Sachs, while legal services were rendered by Willkie Farr & Gallagher LLP for Alleghany and Munger, Tolles & Olson LLP for Berkshire.

Berkshire Hathaway has received all regulatory approvals for its acquisition of Alleghany Corporation, with an expected closing date of October 19, 2022. This merger, announced on March 20, 2022, was approved by Alleghany's stockholders on June 9, 2022. Both companies engage in diverse business activities, with Berkshire primarily in insurance and Alleghany focused on property and casualty reinsurance. The acquisition aims to enhance Berkshire's portfolio and is subject to customary closing conditions.

Mouser Electronics has announced that its Vice Presidents, Tina Sears and Kristin Schuetter, received the Women in Supply Chain award from Supply & Demand Chain Executive. This prestigious recognition honors female supply chain executives for their achievements and mentorship. Over 280 nominations were submitted, highlighting leaders across various sectors. Sears acknowledged the award as validation of their efforts in navigating supply chain challenges post-COVID. Schuetter expressed gratitude for the honor and enthusiasm for the community of resilient women in supply chain.

International Dairy Queen Inc. (IDQ) announced its vendor of the year award winners at the DQ Supply Chain Summit held on September 21, 2022, in Marco Island, Florida. The awards recognized exemplary U.S. and Canadian vendors for their support to IDQ and its network of franchise owners. U.S. winners include Classic Mix Partners, Avalon Foodservice, Parts Town, and TR Toppers. Canadian winners include Saputo Dairy Products Canada GP, Gordon Food Service, and Sofina Foods Inc. IDQ emphasized the importance of its vendors for enhancing customer experience and service in the quick-service restaurant industry.

Mouser Electronics, a global distributor, expands its line card by adding 36 new manufacturers through August 2022. This growth increases its offerings to over 1,200 manufacturer brands, catering to design engineers, component buyers, and educators. In response to semiconductor shortages, Mouser maintains a robust inventory of over 1 million unique SKUs, enhancing its capability to support global manufacturers. Key partners include Solidigm and Allegro MicroSystems, offering cutting-edge technologies.

Mouser Electronics announces the launch of the latest chapter in its Empowering Innovation Together program, focusing on private 5G networks for industrial IoT applications. This installment showcases how these networks allow organizations to securely transfer sensitive data using 5G New Radio (NR) Release 16. The program features a new episode of The Tech Between Us podcast, highlighting case studies and practical applications of 5G technology. Sponsored by industry leaders such as Intel and Analog Devices, the initiative aims to enhance understanding and utilization of private 5G networks.

International Dairy Queen Inc. has appointed Nicolas Boudet as Chief Operating Officer, International, to lead its operations across over 20 countries, excluding the U.S. and Canada. With over 20 years of leadership experience in the hospitality and quick-service restaurant sectors, Boudet aims to drive franchise development and marketing. Previously, he served at Wingstop and Focus Brands. CEO Troy Bader emphasized the significance of strong international leadership for the company's growth strategy.