Special topic: Live broadcast: Buffett's 2024 shareholders 'meeting hits heavily
Warren Buffett was asked if he would buy Pilot Travel Centers from BerkshirefruitslotsWhat lessons were learned from the transaction, which triggered a valuation lawsuit.
Berkshire spent $2.6 billion earlier this year to acquire the remaining 20% stake in Pilot Travel Centers. The payment comes after Berkshire and Pilot settled several lawsuits over how to calculate Pilot's remaining shares.
Buffett said some directors were skeptical of the deal, but Pilot would ultimately bring good results for Berkshire. He concluded: "It's over and everything's okay."
