By the Kent Redding Group

AUSTIN, TX. – This week Berkshire Hathaway (BRK.A) was listed #2 on Fortune Magazine’s list of largest U.S. Corporations.

The #2 ranking is Berkshire Hathaway’s highest ranking ever and can be attributed to the company’s recent decision to purchase 700 million shares of Bank of America Stock.

This transaction will make Berkshire Hathaway the biggest shareholder in Bank of America and it’s actually been a deal that’s been in the making since 2011 when the company purchased $5 billion dollars’ worth of Bank of America’s preferred stock with warrants to purchase the 700 million shares of the company’s common stock.

About Berkshire Hathaway

Originally founded in the 1800’s as the Valley Falls Company, Berkshire…

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