Exhibit Berkshire Hathaway Acquisition Criteria
We are eager to hear from principals or their representatives about businesses that meet all of the following criteria:
1. Large purchases [at least $75 million of pretax earnings unless the business will fit into one of our existing units].
2. Demonstrated consistent earning power [Future projections are of no interest to us, nor are "turnaround" situations.]
3. Businesses earning good returns on equity while employing little or no debt.
4. Management in place [We can't supply it.]
5.Simple businesses [If there's lost of technology, we won't understand it.]
6. An offering price [We don't want to waste our time or that of the seller by talking, even preliminarily, about a transaction when price is unknown.]