Warren E. Buffett is returning his focus to one of his earliest successes. Berkshire Hathaway Inc., which he controls, announced a $2.3 billion cash offer yesterday to buy the 49 percent of the Geico Corporation it does not already own.
Editorial and user-generated content is not provided, reviewed or endorsed by any company. Geico is owned by Berkshire Hathaway, which is led by well-known investor Warren Buffet. Warren Buffett has owned shares of Geico stock since 1951, and Geico became a wholly-owned subsidiary of Berkshire Hathaway in 1996.