Warren Buffett Buys Out Israeli Tool Firm Iscar for $2 Billion

Berkshire Hathaway to buy 20% stake from Wertheimers, completing ownership of the company.

Billionaire U.S. investor Warren Buffett intends to buy the final 20% of Iscar from the Wertheimer family for about $2 billion, the sides announced on Wednesday. This will give Buffett's company Berkshire Hathaway complete ownership of the Israeli cutting-tool firm.