other material
confidence high
sentiment neutral
materiality 0.60
DaVita restates standstill with Berkshire Hathaway; caps additional purchases at 25% ownership
DAVITA INC.
- Berkshire agrees not to buy additional DaVita shares if beneficial ownership exceeds 25% of outstanding common stock.
- Shares over 40% must be voted as DaVita board recommends; shares between 15% and 40% will be voted proportionally after Buffett/Weschler exit.
- Existing 2013 standstill amended; also restricts Berkshire from transferring >5% of shares in a single transaction without DaVita consent.