Here's the Deal
 

Baird's Investment Banking Group is pleased to announce the following transaction:

March 2008


Marmon Holdings, Inc.
Sale to Berkshire Hathaway Inc.
$4,500.0 Million


Baird served as a financial advisor to Marmon's Board of Directors on this transaction.


Marmon Holdings, Inc. and Berkshire Hathaway Inc. (NYSE: BRK.A and BRK.B) announced that Berkshire has successfully completed the acquisition of 60% of Marmon for $4.5 billion. The remaining 40% of Marmon that is currently owned by trusts for the benefit of members of the Pritzker Family of Chicago will be acquired through staged acquisitions over a five to six year period for consideration to be based on the future earnings of Marmon.

Marmon Group is an international association of more than 125 manufacturing and service businesses that operate independently within diverse business sectors. These sectors are Wire & Cable, serving energy related markets, residential and non-residential construction and other industries; Transportation Services & Engineered Products, including railroad tank cars and intermodal tank containers; Highway Technologies, primarily serving the heavy-duty highway transportation industry; Distribution Services for specialty pipe and tubing; Flow Products for the plumbing, HVAC/R, construction and industrial markets; Industrial Products including metal fasteners, safety products and metal fabrication; Construction Services, providing the leasing and operation of mobile cranes primarily to the energy, mining and petrochemical markets; Water Treatment equipment for residential, commercial and industrial applications; and Retail Services, providing store fixtures, food preparation equipment and related services.

Berkshire Hathaway and its subsidiaries engage in a number of diverse business activities including property and casualty insurance and reinsurance, utilities and energy, finance, manufacturing, retailing and services.

For additional information about this transaction, please contact:
Vice Chairman
(312) 609-4931

Managing Director
(312) 609-4924

Vice President
(312) 609-4995

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