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Berkshire in a selling frenzy: Warren Buffett prepared a new round of drama for this stock

Berkshire in a selling frenzy: Warren Buffett prepared a new round of drama for this stock

If Warren Buffett's Berkshire Hathaway continues his rapid sales of Bank of America shares, he won't have to disclose them for much longer.

A new round of sales announced late Friday reduced Berkshire Hathaway's stake in Bank of America to 11.4 percent. As long as Buffett's holding company holds more than 10 percent, U.S. regulations require it to disclose the transactions within a few days.

However, if the shareholding falls below 10 percent, Buffett could wait weeks to inform the public. Typically, companies give a snapshot price after each quarter.

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