Berkshire Hathaway To Trade Stock for Phillips 66 Specialty Products Business

In a unique deal that will cost Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-B ) roughly 19 million shares of Phillips 66 (NYSE: PSX ), worth about $1.4 billion, the Omaha, Nebraska conglomerate will acquire Phillips Specialty Products, according to Reuters . Phillips Specialty Products, which produces large molecule