Berkshire Rejected On Ally Financial BidVW Staff
Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) has failed in its bid to buy the assets of Residential Capital out of bankruptcy. ResCap is the mortgage arm of Ally Financial, a bank holding company the majority of which is owned by the United States government.
Residential Capital will now proceed to follow its original plans to sell those assets. A document filed with a court on Thursday . . .
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