Summary by Moomoo AI
Berkshire Hathaway Inc. has filed an amended Schedule 13D/A with the SEC, detailing changes in its ownership stake in DaVita Inc. The amendment, dated August 6, 2024, reports that Berkshire Hathaway, under the control of Warren E. Buffett, and its affiliates collectively own 36,095,570 shares of DaVita's common stock, representing 43.0% of the company. The filing includes details of a Share Repurchase Agreement between DaVita and Berkshire Hathaway, which stipulates that if Berkshire's ownership exceeds 45.0%, DaVita will repurchase shares to bring the ownership back to 45.0%. The agreement also states that any shares owned by Berkshire in excess of 40% will be voted in accordance with the recommendations of DaVita's board of directors. The amendment also discloses the beneficial ownership of shares by various Berkshire entities and individuals, including Government Employees Insurance Company (GEICO), National Indemnity Company (NICO), and R. Ted Weschler, among others. The filing follows the initial Schedule 13D filed on February 16, 2024, and provides updated information on the beneficial ownership of DaVita's common stock by Berkshire Hathaway and its affiliates.