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March 13, 2020, 8:20 a.m. EDT

Warren Buffett says Berkshire annual meeting will go ahead, but shareholders can't physically attend

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By William L. Watts

Berkshire Hathaway Inc.'s /zigman2/quotes/208872451/composite BRK.A +0.58% /zigman2/quotes/200060694/composite BRK.B +0.26% annual meeting will go ahead as scheduled on May 2, but shareholders won't be able to physically attend, Berkshire Chairman and CEO Warren Buffett said Friday, in a letter . All special events around the annual meeting, which draws thousands of investors annually to Omaha, have been canceled, in order to prevent the spread of COVID-19. "It is now clear...that large gatherings can pose a health threat to the participants and the greater community. We won't ask this of our employees and we won't expose Omaha to the possibility of becoming a 'hot spot' in the current pandemic," Buffett wrote. "Therefore, we will limit attendance to me, possibly Charlie, and several Berkshire employees who will deliver proxy votes." The meeting will continue to be streamed by Yahoo, he said.

/zigman2/quotes/208872451/composite
US : U.S.: NYSE
$ 278,640
+1,605 +0.58%
Volume: 358.00
May 29, 2020 4:00p
P/E Ratio
46.57
Dividend Yield
N/A
Market Cap
$451.40 billion
Rev. per Employee
$637,113
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/zigman2/quotes/200060694/composite
US : U.S.: NYSE
$ 185.58
+0.48 +0.26%
Volume: 10.63M
May 29, 2020 3:59p
P/E Ratio
46.46
Dividend Yield
N/A
Market Cap
$450.97 billion
Rev. per Employee
$637,113
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