Proposed Acquisition of Control of Capitol Specialty Insurance Corporation by Berkshire Hathaway, Inc., O&M Acquisition Corp., and Warren E. Buffett

​​​​​Last Updated:  June 30, 2022

​Information on the Acquisition of Control of Capitol Specialty Insurance Corporation by Berkshire Hathaway, Inc., O&M Acquisition Corp., and Warren E. Buffett

On April 22, 2022, Berkshire Hathaway, Inc., O&M Acquisition Corp., and Warren E. Buffett (“Berkshire Hathaway," “O&M" or “Merger Sub," respectively, and together with Mr. Buffett, the “Applicants"), submitted a Form A filing with the OCI regarding the acquisition of Capitol Indemnity Corporation and Capitol Specialty Insurance Corporation (“CIC" and “CSIC" respectively, and together the “Domestic Insurers"). The acquisition will occur as outlined in the Acquisition Agreement, dated March 20, 2022, between Berkshire Hathaway, O&M, and Alleghany Corporation (“Alleghany"), a New York Stock Exchange publicly traded company, that owns a number of insurance companies, including CIC and CSIC. Pursuant to the Acquisition Agreement, Berkshire Hathaway will acquire Alleghany, and therefore CIC and CSIC, via the Merger Sub, with Alleghany continuing as a wholly owned subsidiary of Berkshire Hathaway. The Holders of shares of common stock in Alleghany will be paid a purchase price of $848.02 per share in cash. The aggregate purchase price is approximately $11.6 billion and will be paid in cash by Berkshire Hathaway from its existing assets.

​The applicants filed the following documents with the OCI

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Hearing Documents

Proposed Decision

Final Decision