Buffet completes FSI

Berkshire Hathaway, the investment firm headed by financier Warren Buffet, has completed its acquisition of FlightSafety International (FSI) after winning approval from a majority of the US safety organisation's shareholders. The acquisition, which is valued at $1.5 billion, is being made with a mix of cash and Berkshire shares (Flight International 23-29 October).

Source: Flight International