Regulatory Oversight

VeriSign announced that Berkshire Hathaway is selling 4.3 million shares of its common stock at $285.00 per share in a secondary offering underwritten by J.P. Morgan Securities. The sale aims to reduce Berkshire Hathaway’s ownership below 10%, avoiding regulatory oversight. Berkshire Hathaway has agreed to a 365-day lock-up period on its remaining shares. Underwriters have an option to purchase an additional 515,032 shares. Proceeds will go to the selling stockholders, not VeriSign.