All you would want to know about Warren Buffett & Berkshire Hathaway

How Buffett took charge of Berkshire? In 1965, Buffett was a shareholder in Berkshire, then a struggling New England textile company. He planned to sell back his shares for $11.50 each, but the term sheet showed $11.375. An angered Buffett responded by buying all the shares he could, and won control of Berkshire on May 10, 1965. The textile business closed in 1985.

via Economictimes